If you've been watching your trading screens over the past few days, you probably felt like you were on a roller coaster designed by someone with a twisted sense of humor.
One minute, markets are partying like it's 1999. The next, they're face-planting harder than a crypto bro at a bear market convention.
Here's what just went down: The fragile "situationship" between the world's two economic superpowers, the U.S. and China, faced major red flags over the last 48 hours, sending shockwaves through every major asset class from currencies to commodities, stocks to crypto.
We're talking gold rocketing to never-before-seen heights above $4,100 per ounce, Bitcoin getting absolutely wrecked in a $19 billion liquidation event, and the S&P 500 posting its worst day since April.
If you're wondering, "What does this mean for my trades?" or "Should I be worried about my portfolio?" brace yourself because we're about to unpack exactly what happened, why markets moved the way they did, and what to watch as this trade drama continues to unfold.