The Kobeissi Letter
The Kobeissi Letter|Jun 30, 2025 14:17
This is wild: We now have a President who is actively calling for interest rates to be cut to as low as 1%. And, he is actively stating that he will be replacing Fed Chair Powell with someone who will immediately cut rates. Meanwhile, stocks are at all time highs, real estate prices are at all time highs, US debt is at all time highs, and crypto is at all time highs. If the new Fed Chair actually cuts rates to 1%, we are going to witness perhaps one of the biggest runs of all time in stocks and real estate. There has never been a time in history where the Fed cut rates to 1% with the stock market and home prices at all time highs. In May 2026, Fed Chair Powell's term will officially come to an end. If rates are truly going to 1%, everything is cheap.
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