The Kobeissi Letter|Nov 08, 2026 23:30
You can't make this up:
At 6:00 PM ET, US stock market futures opened for the first time since Nvidia CEO Jensen Huang admitted to a "relationship" with a Chinese spy.
By 6:01 PM ET, S&P 500 futures had erased an implied -$300 billion in market cap.
Then, by 6:07 PM ET, all losses were erased and S&P 500 futures turned green, adding back an implied +$350 billion in market cap as traders bought the dip.
That's a $650 billion swing in implied market cap due to a CEO's relationship.
We all just witnessed the strangest record in stock market history.
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