This week brought significant movements across crypto and traditional markets, driven by macroeconomic shifts and critical technical signals. Here’s a breakdown of the current landscape and key factors to watch going forward.

Here’s what we’ll cover today:

Let’s dive in!

Trump’s latest tariff policy has sent shockwaves through global markets, creating confusion and volatility across the board. Rather than a structured economic strategy, the announcement resembled a rushed, arbitrary set of numbers that left investors scrambling. 

The result? A $2 trillion market selloff, surging costs for everyday goods, and heightened global uncertainty. Key economies may respond by devaluing their currencies, further destabilizing trade flows. With tariffs now averaging 29%, higher than during the Great Depression, this shift signals a move away from globalization, potentially leading to economic contraction and renewed inflation pressures.

From a technical perspective the S&P 500 lost over 4% today alone, forming yet a new lower low within the ongoing downtrend that started after the peak on February 19th. From there, the S&P is currently down over 12%.

There’s a case to be made that Trump and Bessent are playing a high-stakes game with bond yields, one that could have profound implications for monetary policy and liquidity. With yields falling, the U.S. can refinance its massive debt load of $9.2 Trillion at lower costs, easing the pressure of upcoming maturities. At the same time, declining yields increase the likelihood that the Fed will be forced to cut rates sooner rather than later.