China orders halts to Boeing jet deliveries as trade war expands -Bloomberg

🚨 Binance and Kucoin down

More Chinese Gold-backed ETF inflows yesterday. Another 4t flowed into the big four onshore China ETFs, representing all the Asian inflows.

BRITAIN'S FTSE 100 INDEX UP 1% ON DAY

Goldman Sachs has CTAs (trend following funds) modeled as buyers of US stocks in all scenarios over the next week and month.

Most equities strategists expect the S&P 500 Index to rally through the remainder of 2025.

US firms with China suppliers fall into distress.

S&P 500 earnings revisions are the worst they’ve been since Covid

Nearly one third of consumers are expecting a worse financial situation in the year ahead per ⁦NY Fed survey

Last week saw huge inflows into US large caps followed by government bonds

Share of hardship withdrawals (when you take money out of your retirement account early due to an immediate and heavy financial need) in 2024 was 4.8%, more than double 2019’s share of 2.3%

Consumers expect food prices to increase 5.23% in next year per March, per NY Fed survey

BofA Hartnett: Short SPX until Fed cuts rates and US/China pause trade war in order to ease the risk of a global recession. [BTFD]

According to a recent ⁦Gallup⁩ poll, nearly 60% of respondents say their federal income taxes are too high while 38% say they’re about right

Tether invests in fintech firm Fizen to boost stablecoin adoption and self-custody solutions for unbanked users and merchants. -official announcement

🚨Bank of America's CEO Moynihan: BofA doesn't see a recession in 2025, and no rate cuts.

While total CeFi and DeFi lending remains 40% below 2022 levels, DeFi onchain lending has shown a strong recovery, now standing 20% above its 2021 peak -Galaxy Research

🚨US financial conditions are now the tightest since the 2020 crash, similar to levels of the brutal 2022 rate hike cycle. -Bloomberg

🚨Future General Business Conditions Diffusion Index has fallen off a cliff. [BTFD]