Hello!
The last week has been a wild week for the markets. Donald Trump, the president of the United States has started a worldwide tariff war. Nobody knows his true intentions, but they tanked all the markets with the announcement of super high tariffs to almost all of the countries of the world. China answered with higher tariffs to applied to the United States, scaling the conflict until more than 100% tariffs are applied to each other.
A couple of days after, Trump announced a pause among all of this tariffs except against China. The supposed goal is to make a deal between different countries in the next 90 days. For now just a 10% tariff is applied to all international trade.
After this "pause" the markets rallied high very fast. This week has been one of the most volatile weeks for the markets ever. If you take a look at crypto twitter, everybody is trying to guess what are the intentions of Donald Trump making this kind of moves. I've tried to read to different points of view to try to guess what are his true intentions, but I'm struggling to find a correct reasoning. Almost all of the information I read lead me to a conclusion that it has not been a wise move at all.
Well, except if the insiders of the white house have positioned itself short to equity markets. In that case, they have profited a lot. Who knows what they are doing behind the curtains.
Regarding the Bitcoin ETFs, they had one of the worst weeks ever. According to the data from Farside, we have 6 straight days of inflows. However the price of Bitcoin is approaching again $84,000 which is a fantastic recovery!
I hope the waters can keep calm for a couple of weeks as this tariff war deescalates and we can get back to normal. It would be nice if they can agree of some Free-Trade agreements among some of the countries. This will give markets the opportunity to go higher.
Stay safe out there!
Posted Using INLEO