According to The Kobeissi Letter, Canada's unemployment rate has surged to 6.9% in May 2025, exceeding expectations and hitting its highest level since 2021. The youth unemployment rate has also climbed sharply to 13.7%. These developments, attributed in part to the effect of tariffs, are causing concerns over economic stability and potential risk-off sentiment in traditional markets. Traders should monitor for increased capital flows into cryptocurrencies as investors may seek hedges against economic uncertainty, particularly as macroeconomic pressures mount. (Source: The Kobeissi Letter)

According to The Kobeissi Letter, Warren Buffett emphasized that trade should not be used as a weapon and highlighted the risks of ongoing global trade tensions. Berkshire Hathaway reported a 14% year-over-year decline in operating earnings to $9.6 billion, attributing part of the decrease to the negative effects of tariffs. This underscores the direct impact of trade policies and tariffs on major corporate earnings, suggesting traders and investors should closely monitor tariff developments and their influence on equity performance. Source: The Kobeissi Letter (May 3, 2025).

According to Milk Road Daily, the current market conditions resemble the Smoot-Hawley era of the 1930s, emphasizing that if tariffs persist, markets, including cryptocurrencies, could experience a significant downturn. The analysis by @lord_fed and @KyleReidhead suggests traders should prepare for potential volatility as tariff policies impact global trade dynamics.