Well, here we are again, folks, watching the crypto markets take a nosedive like a penguin with a gambling problem. Bitcoin, that digital darling, plummeted $3,000 faster than you can say “HODL,” wiping out weekend gains like a toddler with a marker and a freshly painted wall.
Meanwhile, Donald Trump-yes, he’s still around-has decided the world needs more tariffs, because apparently, 2026 is just 1929 in disguise. The Supreme Court told him to cool it, but he slapped a 15% global tariff anyway, because rules are for suckers. The Kobeissi Letter chimed in, reminding us that geopolitical tensions between the U.S. and Iran are spicier than a jalapeño margarita, leaving oil markets on edge.
“Meanwhile, geopolitical tensions remain elevated between the US and Iran, with oil markets on edge,” commented the Kobeissi Letter, because nothing says “Monday” like a potential international crisis.
Economic Events Feb. 23 to 27: A Week of Financial Whiplash
Markets are swallowing tariffs and Middle East drama like a bad oyster, with crypto taking a 4% hit on Monday morning. Because, you know, nothing says “stable investment” like a rollercoaster operated by a blindfolded clown.
Tuesday brings us February’s Consumer Confidence data, which is basically a mood ring for the economy. Last month, it hit its lowest point since 2014, because apparently, everyone was too busy worrying about their jobs to feel confident about anything. Shocking, I know.
Thursday’s initial jobless claims will give us a peek at the labor market, which is one of the Fed’s favorite toys. Friday’s Producer Price Index (PPI) will measure wholesale inflation, but let’s be honest, the Fed’s “wait-and-see” approach is about as exciting as watching paint dry.
Key Events This Week:
1. Markets React to Trump’s 15% Global Tariff – Monday (because why not start the week with a bang?)
2. February Consumer Confidence data – Tuesday (spoiler: it’s not great)
3. Nvidia, $NVDA, Reports Earnings – Wednesday (AI chips: still hot or not?)
4. Initial Jobless Claims data – Thursday (labor market: hold your breath)
5. January PPI Inflation data – Friday (inflation: the gift that keeps on giving)
6. Total of 11 Fed… (because one Fed just isn’t enough)
– The Kobeissi Letter (@KobeissiLetter) February 22, 2026
Wednesday’s Nvidia earnings could shake up the AI sector if chip demand turns out to be as flaky as a croissant. But let’s be real, it’s probably fine-unless it’s not.
Crypto Markets: Red Monday, Red Everything
Monday morning was redder than a tomato with a sunburn, with total crypto capitalization dropping 4% to $2.31 trillion. Bitcoin nosedived from $67,600 to just under $65,000 in the time it takes to brew a cup of coffee. Ether followed suit, hitting its lowest point since February 6, while altcoins bled out like a forgotten houseplant. Solana, Cardano, Hyperliquid, and Chainlink? Let’s just say they’re having a rough week.
So, there you have it: tariffs, tensions, and tanking tokens. Just another week in the wild world of finance. Buckle up, buttercup-it’s going to be a bumpy ride.
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2026-02-23 10:06