
Bits + Bips: Trump Has Spread Uncertainty Across All Markets. What’s Next? - Ep. 798
The market is a wreck, and nobody knows where it’s going next. With Trump’s unpredictability, Fed policy on edge, and crypto in limbo, the gang examines what could turn this around—or make it even worse.
Audio is streamed directly from the publisher (pdrl.fm) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
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:
Hosts:
- James Seyffart, Research Analyst at Bloomberg Intelligence
- Alex Kruger, Founder of Asgard
- Ram Ahluwalia, CFA, CEO and Founder of Lumida
Guest:
- Travis Kling, CIO of Ikigai Asset Management
Links
Recession?
Inflation
DXY
Powell’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 disappoints
Bonds:
- Bloomberg: The Bond Market’s Trump Trade Is Looking Like a Recession Trade
- CNBC: 10-year Treasury yield rises after weaker-than-expected jobs growth
- Bond yields in Europe and elsewhere are rising
Tariffs:
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 pact
China’s deflation:
Ukraine War talks:
Timestamps:
- 👋 0:00 Intro
- 📉 3:05 What’s behind this brutal market selloff
- 🤔 7:26 Why making a market prediction right now is nearly impossible
- 🇺🇸 13:41 How Trump’s economic moves drive uncertainty
- ⚠️ 19:37 Is the Trump administration intentionally triggering a recession?
- 💰 20:30 The real impact of “austerity” on the economy
- 📉 22:59 What must happen before the market bottoms out
- 🔥 26:52 Where inflation might head next
- 📊 36:21 What the VIX is saying about the market
- 📉 39:00 How markets will react to today’s CPI numbers
- 🚀 43:40 When might Trump push for tax cuts?
- 🏦 49:19 Will ETF buyers create a bitcoin floor?
- 💴 55:12 What a declining Japanese yen reveals about demand for risky assets
- ₿ 1:00:35 Why BTC is the furthest that it has ever been from altcoins
- 🛍️ 1:11:00 What new groups might step in and buy bitcoin?📉
- 🤦♂️ 1:20:25 Whether the Trump administration “fucked up” the economy
Learn more about your ad choices. Visit megaphone.fm/adchoices