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☕️ GM Munchers! The market’s been more unpredictable than my wife’s mood when I say, “Do we really need another throw pillow?” One wrong move, and I’m in deep trouble—just like traders trying to time this correction.

On today’s menu:

• 🔥 S&P 500 Enters Correction—How Bad Can It Get?

• 📉 Crypto Market Just Lost $1 Trillion—Here’s Why

• 🏆 Gold Just Hit a Record High—Here’s Why

• 🇷🇺 Russia Releases Demands For A Ceasefire

• ❌ Walmart Struggles With Tariffs

MARKET OVERVIEW

🔥 S&P 500 Enters Correction—How Bad Can It Get?

Well, folks, the market is officially in oops mode.

The S&P 500 has now fallen over 10% from its February peak, officially entering correction territory.

Meanwhile, the Nasdaq dropped 2%, and the Dow slid 550 points—just another day in paradise.

And the culprit? Two words: Trump & tariffs.

Before you panic-sell everything, let’s break it down.

🚨 Trump’s Trade War 2.0

Trump is back at it, threatening 200% tariffs on EU wine and spirits while doubling down on reciprocal tariffs with Canada and Europe.

The result? A fresh trade war. 

Retaliatory tariffs are already rolling in, fueling fears that this is just the beginning.

Trump even took a jab at Canada (again), declaring, “We don’t need anything they have,” while half-joking that it should become the 51st state. Classic.

🔻 Correction Mode: What Happens Next?

Corrections happen every year, with the average drop around 13-14%—so while we’re down 10%, history suggests there could be more pain ahead.

Here’s what’s driving the uncertainty:

🔹 Recession Fears Are Creeping In – The Fed isn’t rushing to cut rates, and traders are getting nervous that slowing growth + stubborn inflation could = stagflation.

🔹 Earnings Haven’t Saved the Day – No major earnings catalyst has stepped in to stop the bleeding. Big Tech is holding up, but not enough to spark a rebound.

🔹 The Fed’s Hands Are Tied (For Now) – Inflation is cooling, but trade war drama could keep price pressures alive, forcing Powell to wait longer on rate cuts.

💡 The Bottom Line

Markets are in wait-and-see mode. 

If the S&P keeps sliding, we might see buyers step in around a 12-15% drawdown—but if recession fears heat up, things could get worse before they get better.

For now, keep the charts tight, the risk management tighter, and maybe grab a few bottles of EU wine before the 200% tariffs hit.

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CRYPTO

📉 Crypto Market Just Lost $1 Trillion—Here’s Why

Well, that escalated quickly.

The crypto market just shaved $1 TRILLION off its total value, and traders are wondering if this is just a dip… or the start of something much worse.

🚨 What’s Behind the Crypto Bloodbath?

1️⃣ Bitcoin’s Volatility Is Back – BTC has been ping-ponging around $80K, but it’s now down 16% in the last month, failing to reclaim its highs. While some traders were hoping for a bounce, there just hasn’t been enough momentum.

2️⃣ Ethereum Is Getting Smoked – If you thought Bitcoin was struggling, take a look at ETH. The world’s second-largest crypto has dropped 31% in the last 30 days, underperforming BTC big time.

3️⃣ No New Catalysts = Low Energy – Until the Fed starts printing money again or some major pro-crypto policies emerge, there’s not much to fuel another big rally.

4️⃣ Crypto Stocks Are Struggling Too –

• Coinbase: Down 7.4% yesterday.

  

• MicroStrategy: Down 11.6% over five days

  

Even trading volume on centralized exchanges fell 21% in February—a four-month low.

Translation? If you’re a long-term holder, look away.

COMMODITIES

🏆 Gold Just Hit a Record High—Here’s Why

Gold bugs, pop the champagne—your time has come.

The shiny metal just hit $2,986 per ounce, breaking records and making doomsday preppers everywhere feel validated.

But what’s driving this massive rally?

Let’s break it down.

🏛️ 1. Trump’s Tariff Tango = Market Jitters

President Trump is back at it with fresh tariffs on Mexico and Canada, adding to the already chaotic global trade situation.

Investors? Not loving it.

As trade war fears ramp up, money is flowing into gold as the ultimate safe-haven asset.

And if these trade battles drag on? Gold could keep climbing.

💰 2. The Fed Might Be Our Best Friend (For Gold Bulls)

With economic uncertainty piling up, the Federal Reserve may be forced to keep rates lower for longer—or even cut them.

Why does that matter?

Because lower interest rates make non-yielding assets like gold way more attractive.

Pair that with inflation creeping up, and suddenly, gold looks like the perfect hedge against whatever economic chaos comes next.

🏦 3. Central Banks Are Buying (A Lot)

Since the freezing of Russia’s central bank assets in 2022, global central banks have been stacking gold like it’s going out of style. 

This trend has continued into 2025, and the demand isn’t slowing down.

Goldman Sachs even predicts that if this buying spree continues, we could see gold at $3,200+ per ounce by year-end.

📉 4. A Weaker Dollar + Lower Bond Yields = More Gold Buying

The U.S. dollar has softened, and bond yields have dropped, making gold an even more attractive alternative. When the opportunity cost of holding gold goes down, investors tend to pile in—and that’s exactly what we’re seeing.

📊 5. Speculators Are Fueling the Fire

Futures traders have been loading up on long positions, adding even more fuel to the fire. While some profit-taking has happened, the broader fear-driven demand for gold remains strong.

🔮 So… What’s Next?

Gold analysts are bullish but cautious, expecting more volatility but with an overall upward trend. Some forecasts see $3,000 to $3,300 per ounce by the end of 2025.

Bottom line?

Gold is still the go-to hedge when markets get shaky. 

And with all the uncertainty swirling around tariffs, inflation, and global monetary policy, don’t be surprised if it keeps marching higher.

PROP FIRMS

🤑 Prop Firm Friday Motivation

🚀 Pre-Market Fuel

1. Russia released their demands for a ceasefire. It includes no NATO membership for Ukraine and demilitarised.

2. Walmart is struggling with tariffs. They’ve asked Chinese manufacturers for a 10% discount to help cover the cost of tariffs. That likely won’t happen, though.

3. The Trump administration is considering no taxes for people who make less than $150,000 per year. Where can we sign up?

4. Kevin O’leary on Canada’s border and what should be done with the US. Reply to this email and let us know what you think!

5. US Bitcoin ETFs break the bad vibes and see net inflows of $13.3 million.

🍪 Munchy Memes

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