Home Creators Posts Import Register Favorites Logout
haven't archived this post yet. have a subscription? use the importer!

Content

Wish I had good news to sahre.... but alas

Bitcoin has dropped to $81,500 as U.S. stock futures decline ahead of President Trump's "Liberation Day" tariffs set for April 2, which include 25% tariffs on imported cars and potential pharmaceutical tariffs.

Since last week it is clear there is heightened trader anxiety, reflected in Bitcoin’s seventh consecutive day of lower lows and a bearish market outlook. U.S. stock futures, including the Dow (down 206 points) and S&P 500 (down 0.56%), are in the red, with equities poised for monthly losses—S&P 500 down 6.3%, Nasdaq 8.1%, and Dow 5.2%. Contributing factors include weak demand in Bitcoin spot markets, trader derisking, rising inflation (per recent PCE data), and a 12-year low in consumer confidence. Goldman Sachs has increased its 12-month recession odds from 20% to 35%.

Expect an ugly day tomorrow, I will be on the hunt for deals.

Files

Previews only

Comments

Wallstreetwannabe

It takes at least one whole quarter to tank growth and inflation enough to justify lowering intering rates... Buckle up

MagicMiles

I've been saying since they started lifting rates, rates cant go much higher than pre-c19 as there is too much debt in gov and private citizens. We either print+lower rates or have a big recession where prices of assets come down and normalise. Will Trump accept a massive recession on his hands as people will blame the tarriffs, even though they arn't taking effect yet.

Aibo

Swift and Bold creates uncertainty: The stock market and the thinner crypto market are very sensitive to anticipated abrupt changes as a result of tariffs and "chainsaw" job cuts to the economy. Clinton was the last one to balance things but he did it over 7years. Bill Clinton's approach at job cuts in the 1990s was part of his "Reinventing Government" initiative, which aimed to reduce the federal workforce while improving efficiency. This process was deliberate and stretched over seven years, relying heavily on voluntary buyouts and attrition. Over 115,000 workers accepted buyouts, and more than 400,000 federal positions were eliminated during his administration. In contrast, Donald Trump and Elon Musk's strategy under the Department of Government Efficiency (DOGE) has been rapid and extensive. Focusing on immediate layoffs. Within just a month of Trump's second term, approximately 200,000 federal employees were laid off, with an additional 77,000 accepting buyout plans. Critics have pointed out that this approach risks cutting essential roles, potentially leading to unintended consequences. Clinton's method was slower and more collaborative, aiming to cut "fat, not muscle," while Trump's approach has been described as swift and bold, with less emphasis on long-term planning.