According to The Kobeissi Letter, Nike stock ($NKE) has fallen to its lowest level since March 2020 due to concerns over slowing consumer spending. This decline suggests potential bearish sentiment among traders, as reduced consumer spending could negatively impact Nike's sales and revenue. Investors should monitor consumer spending trends closely to assess future movements in Nike's stock price.

According to The Kobeissi Letter, on March 13th, equity sentiment reached extreme bearish levels, surpassing the lows of the 2022 bear market and nearing March 2020 levels. This extreme bearishness was a clear indicator that a major relief rally was imminent.

According to Cas Abbé, there are notable similarities between the cryptocurrency market dumps in March 2020 and February 2025, suggesting a potential altseason may follow. Cas Abbé emphasizes examining past market patterns where significant downturns were followed by altcoin surges. This analysis implies that despite current beliefs that only Bitcoin will rise, historical trends suggest altcoins might also experience substantial gains post-correction. Traders are encouraged to study these historical events to better anticipate market movements. (Source: Twitter @cas_abbe)