According to The Kobeissi Letter on Twitter, Lululemon ($LULU) shares dropped over 20% after the company lowered its full-year guidance, citing a 'dynamic macroenvironment' as the key factor. This substantial decline in a major consumer discretionary stock highlights ongoing volatility in risk assets and may signal increased caution across equities and related crypto assets. Traders should watch for potential spillover effects in crypto markets, especially as correlations between tech stocks and leading cryptocurrencies like Bitcoin have recently tightened. Source: The Kobeissi Letter on Twitter (June 5, 2025).