According to The Kobeissi Letter, Nike shares ($NKE) have fallen by 14% to their lowest level since October 2017 due to U.S. tariffs impacting their operations in Vietnam, where Nike employs over 530,000 people. This significant decline presents a critical challenge for traders considering Nike's stock, as these tariffs could affect production costs and supply chain efficiency, potentially influencing future price movements.

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.