Trade Drama, Inflation Worries, and Crypto’s Cool Head 👀
Markets were riding high with the S&P 500 nearing 6,000 and low volatility until Trump’s surprise 50% tariff threat on EU goods shook things up. A delayed implementation to July 9 steadied European and U.S. markets, but the tightened BTC volatility spread suggests caution for another policy twist. Inflation’s in focus with the upcoming PCE report and rising shipping costs from European port congestion adding pressure. Bitcoin fell to $106K but rebounded to $110K, driven by consistent ETF inflows, notably BlackRock’s IBIT. Meanwhile, tech stocks face outflows, contrasting with crypto’s resilience.
Trump’s tariff bombshell shows how fast markets can flip from chill to chaos. Crypto’s staying surprisingly steady, rebounding and pulling in ETF money like it’s unfazed. It’s almost the calm adult in the room while tech stocks wobble. But with inflation risks from shipping and PCE data on the horizon, things could get bumpy for all assets soon.
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