Stock markets experienced a turbulent day after the White House announced plans to continue imposing tariffs on China. Despite an initial surge, the S&P 500 index closed down sharply, losing 1.57%. The bond market also reacted dramatically, with long-term U.S. Treasury yields surging to their largest two-day gain in five years, while Bitcoin saw its price drop below $75,000. The volatility is attributed to investor uncertainty about the impact of these escalating trade tensions. 15 on the Fear and Greed Index points to extreme market fear, prompting nearly $400 million worth of cryptocurrency to be liquidated in a matter of hours. This dramatic price change has raised further concerns about market instability.