๐ Equities Slide on Tariff Fears, AI Slowdown, and Stagflation Concerns
๐น U.S. Markets: Nasdaq -2%, S&P 500 -1.1%, Russell 2000 -1.8%โinvestors fear Trump’s April 2 tariffs and slowing AI investment. The Dow managed a smaller loss of -0.3%, showing relative resilience.
๐น Commodities: Oil dipped to $69.00 as U.S. inventories fell, while gold held near $3,020 amid inflation worries. Copper hit a record $5.21/lb on supply concerns.
๐น Crypto Volatility: Bitcoin fell to $86K, while memecoins like SHIB, DOGE, and PEPE rallied, adding $6B to market cap as Trump-backed TRUMP token gains popularity.
๐น Canada & Europe: Canada faces potential tariffs, while European markets fell on fears of U.S. duties on key industries.
๐น Looking Ahead: All eyes on Trump’s April 2 tariff decision, the Fed’s PCE Price Index, and evolving crypto regulation for market direction.