3 月 12 日，据 4E 监测，周二特朗普对加拿大关税政策多次反转，带动市场上演「过山车」行情。盘初美股大盘一度上涨，随后特朗普宣布对加拿大钢铝加征 25% 关税，三大指数转跌。不久又传出该政策暂停，双方将重新谈判的消息，但美股下行趋势未改。午盘后市场再度生变，乌克兰同意停战 30 天。大型科技股抄底者纷纷涌现，助推美股刷新日高，但尾盘时美股再度走弱。截止收盘，三大股指均收跌，道指跌 1.14%，标普 500 指数跌 0.76%，纳指跌 0.18%。科技七巨头多数上涨。
加密市场反弹显著，比特币自 76,606 美元低点回升至 8.3 万美元上方，反弹超 8%，收回昨日的快速下跌。以太坊自 1754 美元低点回升至 1920 美元，反弹超 9%。部分山寨币反弹幅度更大。加密货币总市值小幅回升至 2.77 万亿美元，24 小时涨幅 2.5%，市场情绪小幅回暖。
外汇大宗方面，美元指数跌超 0.6%，全天绝大部分时间处于下跌状态。全球石油库存前景改善，国际油价小幅上涨；美国关税局势再起波澜和经济增长担忧支撑避险黄金走高，现货黄金涨超 0.9%。
近期特朗普关税政策的不确定性持续冲击市场，对消费者和经济的潜在影响已经抑制了华尔街的情绪。今晚 8:30 的 CPI 报告备受关注，投资者期待从中判断市场对经济滞胀的担忧是否合理。若数据高于预期，市场恐再现暴跌行情。
4E 作为一家支持加密货币、股票指数、大宗黄金、外汇等资产的金融交易平台，近期推出了年化收益率 8% 的 USDT 稳定币理财产品，为投资者提供潜在的避险选择。4E 提醒您注意市场波动风险，合理配置资产。

<div>3 月 12 日，据 4E 监测，周二特朗普对加拿大关税政策多次反转，带动市场上演「过山车」行情。盘初美股大盘一度上涨，随后特朗普宣布对加拿大钢铝加征 25% 关税，三大指数转跌。不久又传出该政策暂停，双方将重新谈判的消息，但美股下行趋势未改。午盘后市场再度生变，乌克兰同意停战 30 天。大型科技股抄底者纷纷涌现，助推美股刷新日高，但尾盘时美股再度走弱。截止收盘，三大股指均收跌，道指跌 1.14%，标普 500 指数跌 0.76%，纳指跌 0.18%。科技七巨头多数上涨。加密市场反弹显著，比特币自 76,606 美元低点回升至 8.3 万美元上方，反弹超 8%，收回昨日的快速下跌。以太坊自 1754 美元低点回升至 1920 美元，反弹超 9%。部分山寨币反弹幅度更大。加密货币总市值小幅回升至 2.77 万亿美元，24 小时涨幅 2.5%，市场情绪小幅回暖。外汇大宗方面，美元指数跌超 0.6%，全天绝大部分时间处于下跌状态。全球石油库存前景改善，国际油价小幅上涨；美国关税局势再起波澜和经济增长担忧支撑避险黄金走高，现货黄金涨超 0.9%。近期特朗普关税政策的不确定性持续冲击市场，对消费者和经济的潜在影响已经抑制了华尔街的情绪。今晚 8:30 的 CPI 报告备受关注，投资者期待从中判断市场对经济滞胀的担忧是否合理。若数据高于预期，市场恐再现暴跌行情。4E 作为一家支持加密货币、股票指数、大宗黄金、外汇等资产的金融交易平台，近期推出了年化收益率 8% 的 USDT 稳定币理财产品，为投资者提供潜在的避险选择。4E 提醒您注意市场波动风险，合理配置资产。</div>

4E：特朗普关税反复加剧市场不安，今晚CPI数据成关键变量

Here is the English translation:

On March 12, according to 4E monitoring, on Tuesday, Trump repeatedly reversed his tariff policy towards Canada, triggering a "roller coaster" market performance. In the early trading session, the U.S. stock market initially rose, but later Trump announced a 25% tariff on Canadian steel and aluminum, causing the three major indexes to turn negative. Soon after, news came out that the policy was suspended and the two sides would renegotiate, but the downward trend of the U.S. stock market remained unchanged. After the midday break, the market changed again, with Ukraine agreeing to a 30-day ceasefire. Dip-buyers in large-cap tech stocks emerged, helping the U.S. stock market hit a new high for the day, but the market weakened again towards the close. At the close, the three major stock indexes all fell, with the Dow Jones down 1.14%, the S&P 500 down 0.76%, and the Nasdaq down 0.18%. Most of the tech giants rose.

The cryptocurrency market rebounded significantly, with Bitcoin rising from a low of $76,606 to over $83,000, a rebound of over 8%, recouping the sharp drop the previous day. Ethereum rebounded from a low of $1,754 to $1,920, a rebound of over 9%. Some Altcoins rebounded even more. The total cryptocurrency market capitalization rose slightly to $2.77 trillion, up 2.5% in 24 hours, and market sentiment improved slightly.

In the foreign exchange and commodity markets, the U.S. dollar index fell more than 0.6%, spending most of the day in a downward trend. Global oil inventory prospects improved, and international oil prices rose slightly; the renewed U.S. tariff situation and concerns about economic growth supported safe-haven gold, with spot gold rising more than 0.9%.

The ongoing uncertainty around Trump's tariff policies continues to impact the market, and the potential impact on consumers and the economy has dampened Wall Street's sentiment. Tonight's 8:30 CPI report is closely watched, as investors hope to judge whether the market's concerns about economic stagflation are reasonable. If the data exceeds expectations, the market may see another plunge.

4E, as a financial trading platform that supports cryptocurrencies, stock indexes, bulk gold, foreign exchange and other assets, has recently launched a USDT stablecoin wealth management product with an annualized yield of 8%, providing investors with a potential hedging option. 4E reminds you to pay attention to market volatility risks and allocate assets reasonably.

On March 12, according to 4E monitoring, on Tuesday, Trump repeatedly reversed his tariff policy towards Canada, triggering a "roller coaster" market performance. In the early trading session, the US stock market initially rose, but later Trump announced a 25% tariff on Canadian steel and aluminum, causing the three major indices to turn negative. Soon after, news came out that the policy was suspended and the two sides would renegotiate, but the downward trend of the US stock market remained unchanged. After the midday break, the market changed again, with Ukraine agreeing to a 30-day ceasefire. Large-cap tech stock buyers emerged, helping the US stock market hit a new high for the day, but the market weakened again towards the close. At the close, the three major stock indices all fell, with the Dow Jones down 1.14%, the S&P 500 down 0.76%, and the Nasdaq down 0.18%. Most of the tech giants rose.

The Altcoin market rebounded significantly, with Bitcoin rising from a low of $76,606 to over $83,000, a rebound of over 8%, recovering the sharp drop of the previous day. Ethereum rebounded from a low of $1,754 to $1,920, a rebound of over 9%. Some Altcoins rebounded even more. The total cryptocurrency market capitalization rose slightly to $2.77 trillion, up 2.5% in 24 hours, and market sentiment improved slightly.

In the foreign exchange and commodity markets, the US dollar index fell more than 0.6%, spending most of the day in a downward trend. Global oil inventory prospects improved, and international oil prices rose slightly; concerns about US tariff policies and economic growth supported safe-haven gold, with spot gold rising more than 0.9%.

The ongoing uncertainty surrounding Trump's tariff policies continues to impact the market, and the potential impact on consumers and the economy has already dampened Wall Street's sentiment. Tonight's 8:30 CPI report is closely watched, as investors hope to judge whether market concerns about stagflation are justified. If the data exceeds expectations, the market may see another plunge.

4E, as a financial trading platform that supports Altcoins, stock indices, gold, and foreign exchange assets, has recently launched a USDT stablecoin wealth management product with an annualized yield of 8%, providing investors with a potential hedging option. 4E reminds you to pay attention to market volatility risks and allocate assets reasonably.

4E: Trump's repeated tariffs have exacerbated market anxiety, and tonight's CPI data will become a key variable

Given Trump's chaotic tariff policy and the federal government's layoff initiatives, bond traders are signaling that the risk of a US economic stagnation is increasing.

Within less than two months of Trump's presidency, people had speculated that he would inject stimulus measures to expand the US economy and continue to exert upward pressure on US Treasury yields, but such speculation is quickly being cast aside. Instead, traders have been heavily buying short-term US Treasuries, and the yield on the two-year Treasury has fallen sharply since mid-February, with the market expecting the Federal Reserve to resume rate cuts as early as June to prevent...

Market sentiment takes a sharp turn: Trump trade turns into recession trade?

Here is the English translation:

ChainCatcher news, according to <TheBlock> report, analysts pointed out that the weaker-than-expected US February employment report last Friday strengthened the expectation of the Fed's interest rate cut, which may boost risk appetite and boost the stock market and <crypto assets>. However, the persistent inflation risk caused by tariffs and supply chains still constrains the policy shift. Last week, the US Department of Labor's seasonally adjusted data showed that non-farm employment only increased by 151,000 from January to February, the weakest February growth since 2019, lower than the 170,000 expected by Dow Jones surveyed economists. Government layoffs, reductions in federal funding, tariff uncertainty, and tightening immigration policies will drag down employment growth in the coming months. These factors may lead to a slowdown in hiring, dampen economic momentum and reinforce deflationary trends. The Fed is facing a complex policy environment: weak employment supports rate cuts, but inflation concerns caused by supply-side constraints and geopolitical risks make it cautious. Uncertainty may continue to weigh on the <crypto> market. Paul Howard, Senior Director of Wincent, said that the weaker-than-expected employment report confirms the need to cut interest rates to stimulate the economy, reducing the deficit may be a government priority, which will benefit <crypto> and other risky assets; Kirill Kretov, an expert in <DeFi> trading automation at CoinPanel, pointed out that the rise in unemployment rate may improve the liquidity of <Bitcoin> and <DeFi> by increasing the expectation of interest rate cuts. The slowdown in wage growth suggests easing inflationary pressures, making the Fed more likely to shift earlier. The CME FedWatch tool shows that 55.3% of interest rate traders believe the June FOMC meeting is the earliest point for a rate cut this year, while the Atlanta Fed's GDPNow model has lowered the US first-quarter economic growth rate to a contraction of 2.4%, which, if realized, would be the first contraction since the first quarter of 2022, exacerbating recession concerns. Analysts said that global economic uncertainty has led to an increase in bearish positions in the derivatives market, and the risk reversal indicator over the past 24 hours is more biased towards put options, reflecting market concerns about increased selling pressure. Option flow indicates that optimistic sentiment may have to wait until the third quarter. Although $80,000 is still a key short-term support level for <Bitcoin>, the upside potential is limited. Before a new narrative emerges, the correlation between <Bitcoin> and the stock market may strengthen. Tariff risks remain, and volatility may increase before the release of US CPI and PPI data this week.

Economic slowdown may force the Fed to turn dovish, but policy shift is still constrained by inflation risks

The market situation
Last night's risk assets plummeted, which can be described as a "bloody night". In the US stock market, the S&P 500 index recorded its worst single-day performance since 2022, with a market value evaporation of $1.4 trillion. Tech stocks led the decline, with Tesla's stock price falling 15%, reflecting the market's repricing pressure on high-valuation growth stocks. MicroStrategy, as a representative of Bitcoin-related stocks, saw a 16.68% drop, further highlighting the linkage between cryptocurrencies and the traditional market. In a report released on March 11, Citigroup strategist Dirk Willer and others <...>

Risk assets have plummeted across the board, an artificially created recession, is the market going to follow a scenario of first falling and then rising?