According to The Kobeissi Letter, recent market relief rally was driven by the misconception that tariff uncertainty had peaked, which led to a decline last week. This misunderstanding created a rebound in risk appetite, resulting in a bull trap. The market sentiment remains highly polarized.

According to The Kobeissi Letter, the relief rally led markets to incorrectly assume that tariff uncertainty had peaked, causing a rebound in risk appetite that resulted in a bull trap. The sentiment in the market remains highly polarized.

According to The Kobeissi Letter, physical gold buying in the US has reached depression-like levels, with inventories increasing over 100% year-to-date and gold prices hitting $3,100/oz. The surge is attributed to tariff uncertainty exceeding levels seen during Trump Trade War 1.0, which could have significant implications for traders focusing on gold markets.

According to @KobeissiLetter, there is a significant increase in physical gold buying in the US, resembling depression-era levels. Physical gold inventories have increased by over 100% year-to-date, with gold prices reaching $3,100/oz. This trend is occurring amid tariff uncertainties surpassing those experienced during the Trump Trade War 1.0.

According to The Kobeissi Letter, copper prices in New York reached a record high of $11,600 per ton, marking a 28% increase over the past three months due to rising tariff uncertainties. Concurrently, copper prices in London have climbed by 15%, reaching approximately $10,000 per ton, the highest level since June, highlighting significant market volatility and potential trading opportunities.

According to The Kobeissi Letter, they successfully executed a short position in the S&P 500 at 5780 due to tariff uncertainty, closing for a +80 point gain in 5 hours as the market reversed.

According to The Kobeissi Letter, a short position was taken on the S&P 500 at 5780 due to tariff uncertainty, resulting in a successful trade with an 80-point gain in just five hours as the market reversed. This highlights the importance of monitoring geopolitical factors and their impact on market movements.

According to The Kobeissi Letter, the S&P 500 is experiencing stalled price action around the 5800 mark. Contrary to market expectations that April 2nd would resolve tariff uncertainties, The Kobeissi Letter suggests that uncertainty is actually increasing, which could affect trading strategies.

According to The Kobeissi Letter, markets have been adjusting to reduced tariff uncertainty over the past week, particularly following a Wall Street Journal report on March 24th suggesting potential tariff 'leeway.' However, recent developments have shifted market sentiment, providing a 'reality check' for traders. This shift indicates that the market's previous pricing strategies might need reassessment due to the evolving geopolitical landscape.

According to André Dragosch, PhD, Bitcoin's recent price decline is largely influenced by global growth expectations, which have been adjusted downward due to increasing tariff uncertainties. This macroeconomic factor is significantly impacting Bitcoin's performance in the market.