📉 Bitcoin and the Stock Market Under Pressure

🔻 Bitcoin briefly dropped below $83,000, while the S&P 500 index fell by 1.3%. Shares of major tech companies also posted losses:

- Amazon -3,5%, Google -3,1%, Tesla -3,0%, Meta -3,0%, Microsoft -2,1%, Nvidia -1,6%, Apple -1,6%

Reasons for the decline:

❌ Trade Tensions: China threatens countermeasures in response to new U.S. tariffs (Reuters).

❌Record Inflation: The core PCE index rose by 0.4% in one month, the highest level in a year (Bloomberg).

❌ High Interest Rates: The Fed refrained from lowering rates due to overall uncertainty.

❌ Trade Issues with the EU: Trump announced new tariffs on automobiles, increasing pressure on the markets.

UBS experts believe that there will be no recession in the U.S., but markets remain under pressure due to uncertainty.