🚨Looking back at the outbreak of the tariff war this week, it has truly been an extremely brutal week—

1⃣ This is the worst week for global stock markets since the outbreak of the COVID-19 pandemic in March 2020.

2⃣ It is also the worst week for the U.S. stock market and the U.S. credit bond market since the pandemic, even worse than during the Silicon Valley Bank crisis.

3⃣ The panic index VIX saw its largest weekly increase since February 2020.

4⃣ The Nasdaq index and the Russell 2000 index have both entered bear market territory (down more than 20% from their highs), and the Dow Jones index fell a record 2,200 points overnight.

5⃣ The market capitalization loss of the Mag7 stocks this week is $1.4 trillion, the largest drop in history;

6⃣ Crude oil and copper prices plummeted this week, marking the largest decline since Lehman Brothers (October 2008).

7⃣ Trump's tariff storm has "frozen" the U.S. IPO market, and Circle has postponed its IPO process.

The Federal Reserve currently has no intention of saving the market. In a critical week for policy implementation, the market may repeatedly "draw doors." I suggest doing nothing and just watching the show while sipping tea!

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