Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Cryptocurrencies

How markets are holding up after a week of Trump’s tariff shenanigans

Source Cryptopolitan

Chaos ruled Wall Street and crypto this week after Donald Trump’s latest tariff threats shook traders to their core. Stocks plunged on Friday, closing out a miserable week filled with economic uncertainty, inflation spikes, and weak earnings reports from Nvidia, Meta, and Microsoft.

The Dow Jones Industrial Average dropped a nasty 444.23 points, closing at 44,303.40. The S&P 500 fell 0.95% to 6,025.99, and the Nasdaq lost 1.36%, finishing the Friday session at 19,523.40. Basically every major index ended the week in the red.

The disaster started last weekend when Trump announced plans for 25% tariffs on Canada and Mexico, and 10% on China. After speaking to presidents Justin Trudeau and Claudia Sheinbaum of Canada and Mexico, he agreed to delay their tariffs, but China wasn’t so lucky.

The 10% tariff hit on Tuesday, and markets have been in freefall since. On Friday, Trump piled on, saying, “I’ll be announcing that next week—reciprocal trade—so that we’re treated evenly with other countries.” These markets just catch a break.

Treasury yields spike as inflation fears grip Wall Street

Traders were already on edge thanks to signs that inflation was heating up. The University of Michigan’s consumer sentiment index fell to 67.8 in February, lower than the 71.3 economists expected. What really had investors sweating was that survey respondents expect the one-year inflation rate to hit 4.3%, the highest since November 2023.

Rising prices mean the Fed may be forced to keep hiking rates, something no one wants to hear. And as if that wasn’t bad enough, the 10-year Treasury yield spiked to 4.5% during Friday’s session. January’s jobs report showed unemployment fell to 4% from 4.1%, and average hourly earnings came in higher than expected.

Wage growth might sound good, but not when it comes with rising inflation. So yeah markets panicked. Amazon made things worse when its stock tumbled 4% after disappointing guidance for Q1 revenue growth between 5% and 9%, the company’s weakest forecast on record.

Investors ignored the fact that Amazon had beaten its fourth-quarter earnings estimates. Alphabet (Google’s parent company) continued its downward spiral after reporting mediocre results earlier in the week.

Bitcoin struggles as gold soars amid market chaos

And of course, as per usual, Bitcoin is also having a pretty rough time. While gold prices surged 9% this year, Bitcoin has gained just 2.65%—not exactly impressive. Trump’s return to the Oval was gonna be this big catalyst for the OG crypto, but his unpredictability and rising geopolitical tensions have investors freaking out and losing ground to the bears. So Bitcoin has had a tough time staying above $100,000 since inauguration day.

Meanwhile, gold hit a record high of $2,882 an ounce on Friday after Trump made a controversial comment about the US possibly taking over Gaza. The White House tried to downplay it, but damage was done.

Right now, Bitcoin is about 10% below its all-time high. Despite being marketed as a store of value due to its capped supply of 21 million tokens, the OG is acting more like a volatile tech stock. Citi analysts predict gold could hit $3,000 as trade tensions between the US and China continue. And the US dollar remains strong, which isn’t helping Bitcoin’s case.

Cryptopolitan Academy: FREE Web3 Resume Cheat Sheet - Download Now

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

Dollar holds above 100 near a 3-month high — three Fed speakers and a $69 billion auction land tonight The dollar index closed at 100.43 on Monday, its highest close since late July, after a weekly gain of about 1% — the best in more than three months — and is holding above the 100.00 handle in Asia. Three Fed officials speak tonight alongside a $69 billion two-year note auction, the first leg of $183 billion of Treasury supply this week.

Author Suzie

Sep 22, Tue

The dollar index closed at 100.43 on Monday, its highest close since late July, after a weekly gain of about 1% — the best in more than three months — and is holding above the 100.00 handle in Asia. Three Fed officials speak tonight alongside a $69 billion two-year note auction, the first leg of $183 billion of Treasury supply this week.

October hike odds climb toward 60% as Goldman and BofA both flip — what Warsh's "dose of accommodation" really changed Rate futures now price roughly 55% to 62% for a 25bp hike at the October 27-28 FOMC, up from about 30% before Chair Warsh's post-meeting framing that the Fed is merely "removing some accommodation." Goldman Sachs has added an October hike to its forecast and Bank of America now sees moves in both October and December. Here is the repricing, the language behind it, and the two data points that decide it.

Author Irene Q.

Sep 23, Wed

Rate futures now price roughly 55% to 62% for a 25bp hike at the October 27-28 FOMC, up from about 30% before Chair Warsh's post-meeting framing that the Fed is merely "removing some accommodation." Goldman Sachs has added an October hike to its forecast and Bank of America now sees moves in both October and December. Here is the repricing, the language behind it, and the two data points that decide it.

Memory chips surge, Nasdaq notches a second straight record close — why the Dow fell 185 points anyway Micron gained 5%, SanDisk 6.8%, Seagate 4% and Western Digital 3% as the memory complex led the Nasdaq Composite to a second consecutive record close of 27,244.28. But the Dow fell 185 points as JPMorgan, Wells Fargo and Schwab slid more than 3% each — a split tape that says more about positioning than about the economy.

Author Irene Q.

Sep 23, Wed

Micron gained 5%, SanDisk 6.8%, Seagate 4% and Western Digital 3% as the memory complex led the Nasdaq Composite to a second consecutive record close of 27,244.28. But the Dow fell 185 points as JPMorgan, Wells Fargo and Schwab slid more than 3% each — a split tape that says more about positioning than about the economy.

Gold Price Forecast: XAU/USD drifts toward $4.300 with bears gaining traction Gold (XAU/USD) retraces Tuesday’s gains on Wednesday and drifts lower, approaching the $4,300 area as the US Dollar Index (DXY) rallies further amid high US Treasury yields.

Author FXStreet

Sep 23, Wed

Gold (XAU/USD) retraces Tuesday’s gains on Wednesday and drifts lower, approaching the $4,300 area as the US Dollar Index (DXY) rallies further amid high US Treasury yields.

US input costs rose at the fastest pace in four years — the September flash PMI beat is an inflation story, not a growth story US September flash PMIs came in far above expectations, with the composite at 58.4, a five-year high. But the detail that moved markets was input cost inflation at its fastest since October 2022, driven by fuel, transport and supply shortages. Brent is back above $100 and the 10-year Treasury yield has hit its highest since 2007.

Author Suzie

17 hours ago

US September flash PMIs came in far above expectations, with the composite at 58.4, a five-year high. But the detail that moved markets was input cost inflation at its fastest since October 2022, driven by fuel, transport and supply shortages. Brent is back above $100 and the 10-year Treasury yield has hit its highest since 2007.

Popular Symbols