The last week was particularly volatile for global financial markets, with President Trump’s tariff announcements triggering sharp moves across currencies and equities alike.
Following Trump’s aggressive reciprocal tariffs, we’ve seen significant fallout—the U.S. Dollar weakened notably, dropping around 2.5% against the Euro and approximately 1.5% against Pound Sterling. The uncertainty didn’t stop there; equity markets also suffered, with the S&P 500 falling 5% and the tech-heavy NASDAQ plummeting around 6%, reflecting rising investor anxiety over the global economic outlook.
As I write this update on Sunday evening, the markets remain visibly shaken. A key concern is that President Trump has made no moves to soften or walk back any of his tariff announcements, leaving traders and investors uneasy ahead of Monday’s market open.
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