🇺🇸🏦 Marko Kolanovic, former lead analyst at JPMorgan believes the situation is exactly the same as 2018, Trump's first term
Then Trump imposed tariffs against China and also crashed the markets, then Trump pressured Powell to start the rate cut cycle and launch QE, which later marked the start of the bull market.
New tariffs — new sell off.
Markets don't like that Trump is resetting the global order.
In the long run, the red candles will retrace.
$XRP $ADA $SOL
#GPSonBinance #USTariffs #MarketPullback #FTXrepayment #USCryptoReserve
