The markets are a bloodbath.

If you’re feeling lost in the markets right now, you’re not alone. Stocks are getting crushed, bonds are sliding, and crypto isn’t escaping the carnage. The question is: why is everything selling off—and where does it go from here?

One thing is clear: the next market move is extremely hard to predict. Between Trump’s economic policies, inflation worries, and DOGE’s cuts, there’s a storm of conflicting signals.

So, is this pain temporary? Or are we looking at a long trend downward?

• Bitwise

Guest:

Recession? 

• Bloomberg: Trump Says US Economy Faces ‘Transition,’ Avoids Recession Call

Inflation

• Bloomberg: Inflation-Linked Bonds Rebound on Trump Tariffs: Credit Weekly

DXY

• FX Empire: US Dollar Forecast: DXY Sinks as Weak Jobs Data Fuels Rate Cut Bets, EUR/USD Surges

Powell’s comments:

Bonds:

Tariffs:

• Bloomberg: Lutnick Says Trump Sticking to US Aluminum-Steel Tariff Timeline 

Japan and the carry trade:

China’s deflation: 

• Bloomberg: China’s Inflation Declines Below Zero for First Time in Year

Ukraine War talks: 

• FT: Ukraine seeks to persuade US to resume aid in high-stakes talks

Timestamps:

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