Traders, let’s jump in. Ezekiel here with your quick guide to the market, what’s changing, why it counts, and how to position yourself wisely.
- Today's market mayhem. S&P 500, EUR/USD, Bitcoin, and XAU/USD today
- The Supreme Court struck down Trump's tariffs 6-3, stocks rallied, but GDP and inflation data are flashing stagflation warnings
- Bitcoin popped 2% on the tariff ruling, then gave it all back within minutes, while Ethereum quietly stole the show with a 10% surge
- Your strategy isn't the problem, your brain is, we break down the 3 psychology principles that fix everything in our video
WEEKLY MARKET MAYHEM🔥
For this week's market mayhem, here’s what we got for you today:
The Supreme Court Killed Trump's Tariffs, He Replaced Them Immediately, And The Economy Is Flashing Stagflation Signals ⚖️📉
Friday was one of those days where good news and bad news showed up at the same time and the market had to pick which one to believe.
Let's start with the headline everyone was waiting for: the Supreme Court struck down President Trump's sweeping global tariffs in a landmark 6-3 decision. Chief Justice Roberts wrote the majority opinion, stating that no president has ever invoked the statute to impose tariffs of this magnitude and scope, and that Trump exceeded his emergency powers under the IEEPA.
The S&P 500 immediately surged 0.69% to 6,909, the Nasdaq popped 0.9%, and the VIX dropped 5.6% to 19.09. Gold jumped 1.67% to $5,080 per ounce. For a few hours, the market was breathing a sigh of relief 🕊️
But the celebration didn't last. Within hours, Trump called the decision a “disgrace” and signed an executive order imposing a new 10% “global tariff” on top of existing levies that survived the ruling. So the tariffs are dead, but tariffs are also… back? The market went from “tariffs are over” to “tariffs are just different now” in about four hours.
And then there was the economic data, which arrived like a bucket of cold water on the optimism 🥶
Q4 2025 GDP came in at just 1.4%, well below expectations. Full-year 2025 GDP growth was 2.2%, the slowest since COVID year 2020. Meanwhile, Core PCE rose 3.0% year-over-year, hotter than the 2.9% expected and up from 2.8% previously.
Let that sink in: growth is slowing AND inflation is rising at the same time. One analyst called it a “messy message of both hotter-than-expected inflation and slower-than-anticipated growth.” The technical term for that combination is stagflation, and it's the one word that makes both the Fed and traders break into a cold sweat.
In the background, Trump signaled this week that he will decide in the next 10 days whether to launch strikes against Iran. The market hasn't priced in the implications of a Middle East conflict yet, and if it happens, the entire macro picture changes overnight.
🤔 Asia Forex Mentor Insights
The tariff ruling is structurally positive because it reduces one major source of inflation and trade uncertainty. But Trump's immediate replacement tariffs and the hot PCE data mean the relief is limited. For forex traders, the stagflation signal is the most important takeaway. Slowing growth + rising inflation = the Fed is stuck.
They can't cut rates to help growth because inflation is too high, and they can't hike to fight inflation because the economy is already cooling. That's a terrible setup for risk assets and a supportive environment for gold and the dollar. Watch EUR/USD closely, because if stagflation fears intensify, the dollar could strengthen further on safe-haven demand. And keep your eyes on the Middle East timeline, because a military decision on Iran within the next 10 days could overshadow everything else.
Bitcoin Popped On The Tariff Ruling, Gave It All Back In Minutes, And Ethereum Quietly Stole The Show 📈📉
Friday's tariff ruling should have been a gift for crypto. Tariffs gone. Trade tensions easing. Risk appetite returning. The S&P rallied. Gold surged. Everything pointed to a green day for Bitcoin.
And for about five minutes, it was.
Bitcoin popped roughly 2% on the headline, briefly reclaiming the $68,000 level as traders bought the news. Then, almost immediately, BTC retraced back to $67,000. By the end of the session, Bitcoin was basically flat on the day at $67,445, down 0.18%. The entire move happened and reversed faster than most people could place a trade.
The tepid reaction tells you something important: crypto is not in a “buy the news” mood right now. The Fear & Greed Index is sitting at 8, which is so deep in Extreme Fear territory that it's practically underground. That's one of the lowest readings of the year and a signal that sentiment is completely broken.
But while Bitcoin was busy going nowhere, Ethereum had a monster day. ETH surged 10% to a six-week high above $2,300, outperforming both Bitcoin and the broader market by a wide margin 🔥 U.S. spot Ether ETFs attracted their strongest weekly inflows since mid-January, and digital asset treasury firm Bitmine ramped up its ETH purchase pace.
Altcoins also caught a bid. Cardano gained 4.2% and Polkadot added 5.8%, suggesting capital is rotating out of Bitcoin and into smaller assets. The Altcoin Season indicator on CoinMarketCap is starting to tick up, which could signal the early stages of an alt rotation if Bitcoin stays range-bound.
The bigger picture for crypto remains challenging. The stagflation signal from today's GDP and PCE data is not friendly for risk assets. Slower growth means less consumer spending on speculative assets. Hotter inflation means the Fed stays on hold longer. And the Iran situation adds another layer of unpredictability that crypto is especially sensitive to.
On the bright side, some analysts are pointing out that a Fear & Greed reading of 8 has historically been a contrarian buy signal. The last time it hit single digits, Bitcoin was near a local bottom. But “near a bottom” and “at the bottom” are two very different things.
🤔 Asia Forex Mentor Insights
Bitcoin's inability to hold the tariff ruling rally is a red flag for short-term bulls. When good news can't produce a sustained move higher, it usually means sellers are still in control. For traders, the $65,000 support remains the key level. If it breaks, the $60,000 strike where institutions are buying puts becomes the next target.
On the upside, Bitcoin needs to reclaim and hold $70,000 before any bullish case has teeth. The more interesting trade right now might be ETH over BTC. Ethereum's 10% surge with strong ETF inflows suggests institutional capital is rotating, and the ETH/BTC ratio could be setting up for a move higher. The Fear & Greed Index at 8 is historically a zone where long-term buyers have been rewarded, but the macro backdrop with stagflation signals and geopolitical risk means patience is more important than conviction right now.
MEMES OF THE DAY 🤣
Watching red days like…
Perspective is everything until the margin call hits
