Trump tariffs trigger worst sell-off since 2020

5 articles I'm watching carefully

In partnership with

Tyler Dupont
logo

Good morning 👋

Here's the latest news I'm tracking today.

 📈 Stocks / Finance

Trump tariffs trigger worst sell-off since 2020

Dow futures sank 3.5% Sunday after Trump’s sweeping tariffs sparked a broad market crash. The S&P 500 dropped 9.1% last week, the Nasdaq 10%, and crude fell below $60. Treasury yields plunged to 3.88% as investors braced for stagflation and recession risks.

Wedbush slashes Tesla PT 43%, Apple 23%, citing tariffs and Musk backlash

Tesla’s price target was cut from $550 to $315 and Apple’s from $325 to $250 by Wedbush’s Dan Ives, citing Trump tariffs and a worsening Musk brand crisis. Ives warned Tesla could lose over 10% of its customer base globally, while Apple faces massive exposure due to China-based production.

Wall Street warns more pain ahead as Trump tariffs hit markets

The S&P 500 posted its worst week since 2020, down 17% from February highs, with futures falling another 4-5%. Citi and JPMorgan warn Trump’s tariffs could push the U.S. into recession, and equity valuations haven’t priced in worst-case trade impacts or slowed earnings growth.

🪙 Crypto

Bitcoin tumbles below $78K as global tariffs spark market panic

Bitcoin dropped 6% to $77,887 Sunday evening amid global market turmoil following Trump’s sweeping tariffs. Over $218M in BTC long positions were liquidated. Down 15% YTD, Bitcoin is mirroring equities as fears of recession outweigh crypto-specific catalysts.

🌎 Global Economy

Oil plunges on trade war fears and rising recession odds

Oil dropped over 3% Monday, with Brent at $63.48 and WTI at $59.85, as China's 34% retaliatory tariffs stoked fears of a global recession. JPMorgan raised its recession odds to 60% by year-end, citing escalating trade tensions and collapsing investor confidence.

Tackle Your Credit Card Debt With 0% Interest Until Nearly 2027 AND Earn 5% Cash Back

Some credit cards can help you get out of debt faster with a 0% intro APR on balance transfers. Transfer your balance, pay it down interest-free, and save money. FinanceBuzz reviewed top cards and found the best options—one even offers 0% APR into 2027 + 5% cash back!

Did you like today's newsletter?
Powered by Typeform