KobeissiLetter: Nasdaq still up 11% YTD as AI-driven earnings top 25% for third quarter
JensHonack · x · 2026-10-31
The KobeissiLetter urges zooming out amid the selloff: the AI revolution is not over and the market is not going to zero.
- Nasdaq 100 is up 11% YTD and nearly 70% from its April 2025 low
- S&P 500 is on track for 30.2% blended Q3 2026 earnings growth, a third straight quarter above 25%
- Even after the biggest crypto hack in history, Bitcoin is down less than 5% this week
The takeaway: disruptive technologies bring volatility and polarized positioning, but technical corrections are a healthy, inevitable part of every bull market.
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