It's So Over; We Are So Back

🎙️ Off Chain Weekly Recap – April 10, 2025

This week, Matt and Austin unpack one of the wildest weeks in markets this year:

🔹 Trump’s Tariff Tsunami: A 10% universal tariff turned into a tit-for-tat trade war with China, peaking at 125% tariffs on Chinese imports. China hit back hard — tariffs, blacklists, and export controls on rare earth minerals.

🔹 Global Fallout: Vietnam, India, Japan, and the EU rushed to the negotiating table. Some offered full tariff eliminations to avoid a full-blown trade war.

🔹 Apple, Inflation & $30K iPhones?: Concerns about Apple and other US companies absorbing the shock, but signs suggest they’re more resilient than during Trump’s first term.

🔹 Market Madness: Stocks nosedived early in the week, only to surge midweek after a partial tariff rollback. Crypto pumped. S&P saw its biggest 1-day gain since 2008. But uncertainty looms.

🔹 Currency Games: China strategically devalues the yuan to counter tariffs. US Treasury markets spooked. Is a dangerous feedback loop forming?

🔹 Outlook:

• Short-term: More volatility, sideways action unless China escalates.
• Mid-term: Q2/Q3 could be rough — all eyes on corporate earnings & the Fed.
• Long-term: DCA and hold. Could look back at Q2 as a massive buying opportunity.

🛞 And yes — the G-Wagon is safe (for now). 🙃