⚠️ BREAKING: $550 Billion erased from the U.S. market in just 90 minutes.
Two major shocks hit at once:
1️⃣ The Warsh hearing confusion – Kevin Warsh hinted at possible rate cuts (as Trump has pushed for months), but then sowed doubt by saying the Fed has “lost its way” while also vowing independence. That mixed message spooked markets. With Powell’s term ending in 24 days, uncertainty around Fed leadership is the real culprit here. 📉
2️⃣ Ceasefire collapse risk – The U.S.–Iran truce expires tomorrow with no renewal deal in sight. Trump doubled down on aggressive rhetoric, keeping the blockade firmly in place. Escalation fears are back.
🛢️ Oil jumped above $90 as a result. When oil spikes and stocks sink together, it’s a classic red flag: markets are pricing in real geopolitical and policy risk.
#MarketCrash #FedUncertainty #OilSpike
