#Crypto #ETH down - why ? / Gold steady / Tariffs meant to take effect tom, time for concessions, delay ?

Stéphan

3 days ago2 min read

Markets 'opened' on the lows, on 'trade war' headlines, SPX500 lows around 5'920, CROSSJPY's softer by 1.5% and all bounced to current levels, China concessions (#HSI up), markets sees tariffs as inflationary, which will push rates higher, which in fact will push a higher probability of some sort of deflationary impact, as this translates into less CAPEX, uncertainty in hiring etc >>> time will tell, AND these tariffs take effect as of tomorrow, so who knows, maybe some sort of concession and delay are possible!
#BABA Alibaba shares jump as its new AI model claims to surpass leading players, #HSI bounced hard, as Sources say China will propose reinstating the 2020 Phase 1 trade deal with the United States, including a pledge not to devalue the yuan
#Crypto hammering, #ETFH was down some 35% (flash crash), other coins pretty terrible, BTC just about holding, less than 10pct down >>> reminder that crypto is correlated to risk now, a liquidity excess asset in many ways.....GOLD still near highs
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#XAU #XAG '''Everyone wants their Tier 1 Assets in the RIGHT jurisdiction. (Silver also part of this) Before the new world order of finance begins.'''