Bits + Bips: Why Traders Are Sanguine Before Trump’s Big Tariff Day - Ep. 806

Investors are still licking their wounds from this month’s corrections. But just as Trump’s tariffs are about to move into full-force, our experts are seeing silver linings and causes for optimism.
With conflicting signals coming from all corners of the map, hosts Noelle Acheson, Ram Ahluwalia, Alex Kruger, and Felix Jauvin break down:

What to expect from Trump on April 2nd

Takeaways from last week’s FOMC meeting

If the White House and Powell are actually on the same page

Why tech stocks are taking off again

Why BlackRock is bullish on bitcoin during bear markets

If ether is about to get its groove back

Sponsors:
Bitwise

Hosts:

Alex Kruger, Founder of Asgard

Ram Ahluwalia, CFA, CEO and Founder of Lumida

Noelle Acheson, Author of the “Crypto Is Macro Now” Newsletter

Felix Jauvin, Director and Host - Forward Guidance

Links
Incoming Trump Tariffs

Bloomberg: Trump Plans His Tariff ‘Liberation Day’ With More Targeted Push

WSJ: White House Narrows April 2 Tariffs

FOMC Meeting

Unchained: Bitcoin Drops as Fed Leaves Rates Unchanged, as Expected

NYTimes: Citing Tariffs and Uncertainty, Fed Sees Higher Inflation and Lower Growth

Animal Spirits Return

Barron’s: Don’t Count Out the Mag 7. They Could Lead a U.S. Stock Comeback.

CNBC: ‘Magnificent 7’ has a notable up day after struggling for 3 months

BlackRock

Decrypt: BlackRock Digital Assets Head Criticizes Narrative of Bitcoin as a Risk-On Asset

Bloomberg: BlackRock to List Bitcoin Exchange-Traded Product in Europe

Fidelity Tokenization
CoinDesk: Fidelity Files for Onchain U.S. Treasury Fund, Joining the Asset Tokenization Race

Timestamps:
👋 0:00 Intro
📉 2:16 Why investors are nervous about April 2nd
🌎 4:40 Two ways to think about tariffs
☯️ 6:56 The difference between retail and professional traders
🏦 8:44 Why the Fed is predicting a worst-case scenario
📈 12:08 Why the correction is largely done
💰 19:20 How the Mag7 got its groove back
🏛️ 20:42 Are Bessent and Powell more aligned than thought?
🚀 22:54 BlackRock says a recession is good for bitcoin?
🥇 24:54 Altcoin ETF race about to start?
🎌 28:41 Why Japan is irrelevant right now
🐂 30:42 Why animal spirits are back
⛓️ 35:03 The great financial unshackling
📈 38:02 Is ether ready for a comeback?
✅ 42:09 Why Fidelity is tokenizing on Ethereum
📈📉 44:32 Are pump and dumps over?
🇪🇺 49:32 Dumb money coming to Europe?
🐙 52:35 Why Kraken made a smart buy this week
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