Saxo Market Call Market melts down as recession risks go global
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Apr 4, 2025 A historic plunge in U.S. markets follows the announcement of tariffs that heighten recession fears. The discussion dives into how companies like Nike and major tech giants are grappling with these supply chain challenges. Meanwhile, a strong euro complicates Europe's economic landscape as OPEC+ influences crude oil prices. The precious metals market, particularly silver, experiences significant shifts, prompting insights into gold's long-term prospects. Employment data hints at potential slowdowns, while geopolitical tensions add to the market's uncertainties.
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Market Meltdown
- US markets experienced one of their worst days since the 2020 pandemic.
- Trump's Liberation Day tariffs triggered a massive sell-off, impacting tech stocks heavily.
European Market Risks
- European markets, initially resilient, are showing signs of weakness.
- The strong euro and tariffs negatively impact European stocks.
Commodity Sector Retracement
- The commodity sector, which outperformed other assets, is retracing gains.
- Silver's decline is linked to potential tariff exclusions and increased US stockpiles.