Crypto markets have tanked again, with Bitcoin dropping more than $3,000 in an hour or so, wiping out all weekend gains.
Donald Trump has been on the tariff warpath again, imposing a 15% global tariff after the Supreme Court found on Friday that his sweeping tariffs exceeded his authority.
“Meanwhile, geopolitical tensions remain elevated between the US and Iran, with oil markets on edge,” commented the Kobeissi Letter.
Economic Events Feb. 23 to 27
Markets are already digesting the latest round of tariffs in addition to the increased geopolitical tensions in the Middle East, with crypto markets tanking 4% on Monday morning.
Tuesday will see the release of February’s Consumer Confidence data, which sheds light on consumer sentiment and potential spending patterns. Sentiment fell to its lowest level since 2014 in January as people were mostly concerned about employment conditions during the first month of the new year.
Thursday will see initial jobless claims, which paint a clea
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