Kobeissi Letter: Midterms Will Move Markets, But Don't Call AI Dead

The Kobeissi Letter wants markets to take a step back. In a post on X, the account said the midterm results will bring change to markets, the economy and policy — but pushed back hard on the idea that AI is finished. It called the moment an adjustment, not an ending.

The core argument is that political turnover doesn't rewrite a technology cycle. Whatever shifts arrive with the midterms, the account framed them as a recalibration for AI rather than a verdict on it. No specific stocks, sectors or policies were named in the post.

The theme is in the phrasing: zoom out. Kobeissi said we remain in the middle of the biggest technological revolution in history, a case for looking past near-term noise instead of reacting to every headline. The post carried no data, targets or forecasts to back the claim.

That leaves the midterm results as the trigger the account is flagging. Policy and economic shifts are what it expects to follow, with markets caught in the middle. Whether AI-linked names treat that as noise or signal is the open question the post leaves hanging.

For now, the takeaway from Kobeissi is a stance, not a trade: expect churn from the midterms, and don't mistake it for the end of the AI story.