March 04, 2025
EUR/USD, USD/JPY, S&P 500: Bond Bears Bite as Markets Reset Tariff Risks
Markets swung hard after Lutnick’s late bombshell on tariffs, fueling a powerful squeeze in risk assets. Bond bulls are suddenly on the ropes, EUR/USD has broken out, and S&P 500 futures are clinging to key support. Is this a turning point, or just another violent twist in the trade spat?