The markets are a bloodbath.If you’re feeling lost in the markets right now, you’re not alone. Stocks are getting crushed, bonds are sliding, and crypto isn’t escaping the carnage. The question is: why is everything selling off—and where does it go from here?One thing is clear: the next market move is extremely hard to predict. Between Trump’s economic policies, inflation worries, and DOGE’s cuts, there’s a storm of conflicting signals.So, is this pain temporary? Or are we looking at a long trend downward?Sponsors:BitwiseHosts:James Seyffart, Research Analyst at Bloomberg IntelligenceAlex Kruger, Founder of AsgardRam Ahluwalia, CFA, CEO and Founder of LumidaGuest:Travis Kling, CIO of Ikigai Asset ManagementLinksRecession? Bloomberg: Trump Says US Economy Faces ‘Transition,’ Avoids Recession CallInflationBloomberg: Inflation-Linked Bonds Rebound on Trump Tariffs: Credit WeeklyDXYFX Empire: US Dollar Forecast: DXY Sinks as Weak Jobs Data Fuels Rate Cut Bets, EUR/USD SurgesPowell’s comments:CNN: Fed Chair Powell says he’s not worried about the economy amid Trump’s tariff chaos FT: Federal Reserve chief Jay Powell plays down growth worries after jobs report disappointsBonds:Bloomberg: The Bond Market’s Trump Trade Is Looking Like a Recession TradeCNBC: 10-year Treasury yield rises after weaker-than-expected jobs growthBond yields in Europe and elsewhere are rising Tariffs:Bloomberg: Lutnick Says Trump Sticking to US Aluminum-Steel Tariff Timeline Japan and the carry trade:Japan's 20-Year Government Bond Yield rises to its highest level since 2008. Jeff Park tweeted “Bitcoin is Japan’s game now whether you like it or not” - thoughts?FT: Japan seeks tariff reprieve after Donald Trump questions long-standing defence pactChina’s deflation: Bloomberg: China’s Inflation Declines Below Zero for First Time in YearUkraine War talks: FT: Ukraine seeks to persuade US to resume aid in high-stakes talksTimestamps:👋 📉 🤔 🇺🇸 ⚠️ 💰 📉 🔥 📊 📉 🚀 🏦 💴 ₿ 🛍️ 🤦‍♂️ Learn more about your ad choices. Visit megaphone.fm/adchoices