Bits + Bips: Why Traders Are Sanguine Before Trump’s Big Tariff Day - Ep. 806
April 2nd is going to be a defining day for markets. But with assets already on the rebound, traders are growing confident that Trump’s tariffs will not dent the market again.
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Show Notes
Investors are still licking their wounds from this month’s corrections. But just as Trump’s tariffs are about to move into full-force, our experts are seeing silver linings and causes for optimism.
With conflicting signals coming from all corners of the map, hosts Noelle Acheson, Ram Ahluwalia, Alex Kruger, and Felix Jauvin break down:
- What to expect from Trump on April 2nd
- Takeaways from last week’s FOMC meeting
- If the White House and Powell are actually on the same page
- Why tech stocks are taking off again
- Why BlackRock is bullish on bitcoin during bear markets
- If ether is about to get its groove back
Sponsors:
Hosts:
- Alex Kruger, Founder of Asgard
- Ram Ahluwalia, CFA, CEO and Founder of Lumida
- Noelle Acheson, Author of the “Crypto Is Macro Now” Newsletter
- Felix Jauvin, Director and Host - Forward Guidance
Links
Incoming Trump Tariffs
- Bloomberg: Trump Plans His Tariff ‘Liberation Day’ With More Targeted Push
- WSJ: White House Narrows April 2 Tariffs
FOMC Meeting
- Unchained: Bitcoin Drops as Fed Leaves Rates Unchanged, as Expected
- NYTimes: Citing Tariffs and Uncertainty, Fed Sees Higher Inflation and Lower Growth
Animal Spirits Return
- Barron’s: Don’t Count Out the Mag 7. They Could Lead a U.S. Stock Comeback.
- CNBC: ‘Magnificent 7’ has a notable up day after struggling for 3 months
BlackRock
- Decrypt: BlackRock Digital Assets Head Criticizes Narrative of Bitcoin as a Risk-On Asset
- Bloomberg: BlackRock to List Bitcoin Exchange-Traded Product in Europe
Fidelity Tokenization
Timestamps:
👋 0:00 Intro
📉 2:16 Why investors are nervous about April 2nd
🌎 4:40 Two ways to think about tariffs
☯️ 6:56 The difference between retail and professional traders
🏦 8:44 Why the Fed is predicting a worst-case scenario
📈 12:08 Why the correction is largely done
💰 19:20 How the Mag7 got its groove back
🏛️ 20:42 Are Bessent and Powell more aligned than thought?
🚀 22:54 BlackRock says a recession is good for bitcoin?
🥇 24:54 Altcoin ETF race about to start?
🎌 28:41 Why Japan is irrelevant right now
🐂 30:42 Why animal spirits are back
⛓️ 35:03 The great financial unshackling
📈 38:02 Is ether ready for a comeback?
✅ 42:09 Why Fidelity is tokenizing on Ethereum
📈📉 44:32 Are pump and dumps over?
🇪🇺 49:32 Dumb money coming to Europe?
🐙 52:35 Why Kraken made a smart buy this week
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