Oil crashes, after Trump's global Trade war. May send America's trading partners into a recession, but not the US. If the Fed cuts rates, could make things worst in an already priced out economy. CHaos. (update 1)
Trump Tariff mania is shocking the global economy into what could be a stagflated style recession; recession for non America, and full blown stagflation for America. But not a slowdown, unless mass unemployment begins and Trump, paradoxically, is trying to avoid this by returning all industries back to America (but the rest of the world can economically deflate). And will the Federal Reserve in a preemptive manner begin cutting rates? It may make things vastly worst.
The oil price in this chaotic market, has crashed over 3% after Trump announced his Tariff on everybody policies, crude is now in free fall until it reaches the psychological $50 a barrel.
USD is bid on safe haven, as all other currencies could be facing a recession. Gold has sold off, with flows going into U.S. Dollars and Bonds
Please refer to the above chart and price notes.
*Update*
This is why Trump arrogantly doesn't care about the stock markets, for the time being or any wayward talk that a U.S recession, which is not going to happen. American job market is booming:
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