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🗓️ 14 March 2025
⏱️ 62 minutes
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0:00.0 | Bankless Nation, welcome to the weekly roll-up each week and bringing on a different guest to help me go through the news. |
0:08.3 | And this week, I have the pleasure of being joined by Jordy Alexander. |
0:11.7 | Happy Friday, Jordy. Great to have you here. |
0:13.6 | Good to have me here. |
0:14.3 | I'm Friday. |
0:15.8 | Yeah, yeah, yeah. It's a pretty volatile week, I would say. |
0:20.0 | Let me just run through some macro market fax figures, and then we can kind of react to them once I'm done. |
0:28.7 | S&P 500 has erased $5 trillion of total wealth since its peak. |
0:33.7 | The Dow Jones has slid 500 points on Tuesday after Trump announced and then walked back new tariffs on Canadian steel and aluminum amid ongoing economic uncertainty after closing down 890 points on Monday. |
0:46.9 | So over a thousand point drop in the first two days of this week. |
0:49.5 | On March 6th, President Trump suspended tariffs on USMCA compliant goods from Canada and Mexico until April 2nd, |
0:58.2 | affecting about 38% of Canadian and 50% of Mexican goods. |
1:01.8 | However, on March 12th, that's yesterday at the time of recording, he imposed a 25% tariff on all steel and aluminum imports, |
1:09.8 | which prompted immediate retaliatory measures |
1:12.4 | from Canada and the European Union. Americans have flipped their sentiment views on President |
1:19.5 | Donald Trump handling of the economy sense the end of his first term, according to this new polling, |
1:24.2 | amid a moot-brewing trade war with America's neighbors and the stock market |
1:27.5 | decline. So American investors not really feeling it anymore, kind of fed up. In addition to all |
1:34.1 | of that market volatility in the traditional markets and any crypto have really almost never been |
1:39.9 | higher. The VIX hit a 1.5 million contracts last week. That's the six highest record on |
1:46.1 | reading. volumes have doubled over the last few weeks with all of this rise in market uncertainty. |
1:53.0 | So the markets are super volatile. In addition to that, investors market, markets have kind of |
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