🌎 This week’s tariff shake-up: S&P 500 dropped over 10% in 2 days - previously seen in 2020, 2008, 1997. Gold is down -2.5%, and Bitcoin, which Bessent said “is becoming a store of value,” shows signs of decoupling from US equities.

The Kobeissi Letter
@KobeissiLetter
04-05
Here's a timeline of events since "Liberation Day" on April 2nd:
The selloff began when "reciprocal tariffs" were not limited to 10%.
Today, marked a clear escalation as China announced 34% tariffs on the US.
Then, Fed Chair Powell said he's "not in a hurry" to cut rates.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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