Trade War Back on the Menu, Patience Is Warranted

Discussed in today's video:

Trump’s comments on China and the subsequent 100% tariff announcement triggered a broad risk-off move. Equities, crypto, and crude fell sharply while gold and bonds rallied. Crypto 24H liquidations reached $19.2B, the largest on record. Exchange dislocations, such as SOL trading $20 higher on Coinbase versus Binance, suggest one or more market maker failures. Historical precedent shows that major liquidation events are often followed by a period of consolidation, often with a short bounce before retesting lows. President Trump’s negotiating pattern...