Source: The Kobeissi Letter/XTrading firm QCP Capital was similarly cautious about the overall market landscape thanks to macroeconomic forces.“With consumer confidence plumbing 12-year lows and equity markets already rattled by a 4-5% weekly drawdown, the timing couldn't be worse,” it wrote about tariffs in its latest bulletin to Telegram channel subscribers. “There is a real risk that a broad and aggressive regime could deepen recession fears and send risk assets spiraling.
Source: CME GroupWhile this would be a clear bullish catalyst for crypto and risk assets, Kobeissi noted that history had not favored strong equities rebounds under similar circumstances.“In the case of rate cuts during a recession, the S&P 500 declined -6% in 6 months -10% within 12 months,” it continued.“The AVERAGE post-pivot return is +1% in 6 months.”S&P 500 performance comparison.
Talk of recession began to return to the spotlight ahead of US President Donald Trump’s so-called “Liberation Day,” due on April 2 and on which he promised to unveil a new round of trade tariffs.“Equity markets are clearly pricing-in a recession: The S&P 500 is down -2% since Fed rate cuts began in September 2024,” trading resource The Kobeissi Letter wrote in part of an X thread on the topic.
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Author / Journalist: Cointelegraph by William Suberg
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