According to The Kobeissi Letter, Donald Trump announced that his administration plans to take away Harvard University's tax-exempt status (source: The Kobeissi Letter, May 2, 2025). This policy shift could affect institutional investment flows, particularly in U.S. equities and alternative assets, as university endowments like Harvard's are major market participants. Traders should monitor potential volatility in education-linked and endowment-heavy sectors, as well as any regulatory developments influencing large institutional investors.

According to The Kobeissi Letter, the Nasdaq is set to offer 24-hour trading on its equities exchange, as reported by Bloomberg. This development could significantly impact trading strategies, offering more flexibility and opportunities for global investors to trade U.S. equities outside traditional market hours.

According to The Kobeissi Letter, the S&P 500 has turned positive for the day, successfully erasing a 120-point decline. This recovery could impact trading strategies focused on U.S. equities, as it reflects potential resilience in the market. Traders should monitor further movements closely to gauge market sentiment and adjust portfolios accordingly.