Crypto IN, US Stock OUT!

#USStockDrop

U.S. President Donald Trump has intensified his criticism of FED Powell.

Arguing that there is a risk of an economic slowdown, Trump stated that Powell has been slow to respond to economic developments. These harsh remarks, combined with Trump’s import tariffs, have negatively impacted the markets.

Major stock indexes like the S&P 500, Dow Jones, and Nasdaq have seen significant losses since the beginning of the year.

While the DXY has declined, bond yields have risen. Amid economic uncertainty, gold prices hit a record high, reaching $3,400 per ounce.

Trump, who originally appointed Powell, has now called for his removal. However, such a move is highly controversial from both a legal and ethical standpoint, considering the central bank’s tradition of independence.

There are also signs that the money leaving U.S. stock markets is flowing into crypto. If this trend continues, further gains in the crypto market may follow.

What do you think?