
Stocks tumble as China ramps up tariff tension!
Date: 2025-04-21 14:17:01 | By Eleanor Finch
Markets in Mayhem: Tariffs, Trump, and Tumbling Stocks
Wall Street Shaken by China's Retaliatory Threats
Boom! U.S. stocks took a nosedive on Monday, with the looming shadow of tariffs sending shivers down investors' spines. China's not playing nice, threatening to hit back at any country siding with the U.S. in this escalating trade war madness.
Dow, S&P, Nasdaq All Plummet at Open
The Dow Jones, S&P 500, and Nasdaq kicked off the day with a brutal fall. Investors are freaking out over tariffs and Trump's wild idea to swap out Federal Reserve chair Jerome Powell. Talk about adding fuel to the fire!
China's Payback Warning Fuels Market Jitters
China's not messing around, hinting at payback against any country that dares to stand with the U.S. in this trade war circus. No wonder investors are on edge!
Big Tech Earnings Loom, But Tariffs and Fed Drama Steal the Show
Sure, Big Tech earnings are on the horizon this week, but let's be real – tariffs and the Fed drama are the real stars of this show. That's why Wall Street's in meltdown mode, with the S&P 500 down 1.2%, the tech-heavy Nasdaq dropping 1.5%, and the Dow shedding a whopping 360 points at open. Ouch!
Gold Soars as Dollar Dives Amid Trade War Chaos
But wait, there's a twist! While stocks are rollercoasting, gold's on a wild ride of its own. Ever since Trump's "Liberation Day" announcement sent the U.S. dollar tumbling, gold's spiked to a mind-blowing high above $3,400. Whoa!
Economist: Dollar's Tanking Amid Exploding Yields Defies History
Mohamed El-Erian, a big shot at Cambridge University and Allianz, says the dollar's nosedive while yields explode is like nothing we've seen before. It's breaking all the rules!
10-Year US Treasury Yield Surges Amid Dollar Weakness
The yield on the 10-year US Treasury's back above 4.40% this morning, up a hefty 8 basis points. And get this – it's happening while the dollar's weakening, flipping historical correlations the bird!
Trump's Fed Tampering Fuels Safe Haven Frenzy
It's not just the trade war drama fueling the rush to safe haven assets. Investors are sweating bullets over Trump messing with the Fed's independence, making gold's rally even crazier.
Analysts: Gold's Poised for More Gains
But here's the kicker – analysts say this downward spiral could send gold even higher. Buckle up, folks!
Bitcoin's Wild Ride: From Stock Mirror to Safe Haven Contender
Now, let's talk crypto. Bitcoin and the gang have been riding the stock market rollercoaster lately, but with all this cash pouring into safe havens, BTC might just regain its mojo. The king of crypto's already surged above $87k in the last 24 hours. Talk about a comeback!
Fundstrat's Tom Lee: Markets Could Face More Pain, But Bitcoin's Ready to Shine
Tom Lee from Fundstrat's not pulling any punches. He told CNBC that markets might be in for more pain, but he's betting on a bullish flip that'll have Bitcoin playing catch-up with gold. Get ready for the showdown!

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