🇺🇸🏦 Marko Kolanovic, the former chief strategist at JP Morgan, believes that the situation is exactly the same as in 2018, during Trump's first term.
Then Trump imposed tariffs on China and also caused a market crash, then pressured Powell to start a rate-cutting cycle and launch quantitative easing, which later indicated the beginning of a bull market.
New tariffs — new selloff.
Markets do not like that Trump is resetting the global order.
In the long term, the red candles will return.
#GPSonBinance #USTariffs #GPSonBinance #FTXrepayment #USCryptoReserve