#日内交易策略 1. The rise in market risk aversion is inevitable: Tariffs are synonymous with trade wars. Once it starts, the stock market is likely to shake. Historical experience tells us that when the market panics, funds flee to gold, the US dollar, and... you know... cryptocurrencies like Bitcoin! Just think about the trade war period from 2018 to 2019, when Bitcoin occasionally surged against the trend; that was the effect of its safe-haven property.

2. Inflation concerns add fuel to the fire: The direct consequence of tariffs is that imported goods become more expensive, which adds fuel to already high inflation. The Federal Reserve hesitates to cut interest rates, and a high-interest-rate environment continues, putting pressure on risk assets. However, on the flip side, assets with strong anti-inflation narratives may be speculated on.