The market is currently experiencing everything at once:
• risk of a new shutdown 🇺🇸
• talk of 100% tariffs against Canada
• Greenland turmoil
• Iran + Trump's "armada of ships" 🚢
• Trump's tariff conflict with the Supreme Court
• rising JGB yields and a falling yen 🇯🇵
Bottom line:
📉 risky assets under pressure
🪨 safe haven assets continue to pump
Trump is a clear wildcard, but it feels like we're at or very close to the peak of negative sentiment.
I wouldn't be surprised to see a rebound in crypto at the CME open 🌙
When everyone's screaming, the bottom is usually somewhere nearby.