👀 Market Bloodbath, Trump's Liberation Day coming this week

Hi guys, it’s Kieran! A bloodbath in the markets last week and with Trump’s “Liberation day” on deck this week, volatility is pretty much guaranteed, so lets strap in and get prepared!

📢 Prop Firm Industry News

Despite the chaos in the markets, it was a relatively quiet week in the industry last week.

FundingPips successfully completed their migration of all funded accounts to MT5 (non-US & Canada). What was notable was that to instill confidence during the migration, they loaded $1.5million into a crypto wallet to show proof or reserves. This is of course partially a PR exercise, but still instills confidence none the less. Kudos! 😀 

From Payout Junction, here are the firms who paid out the most over the last 30 days 🏆️.

🔥 Monitor prop firm payouts LIVE on Payout Junction - https://payoutjunction.com.

🕜 Economic calendar

Here are this week’s red folder news events. The major event of the week will be Trump’s announcement on Wednesday where he will lay out his new tariff policy. Add to that Non-Farm Payrolls and Powell speaking on Friday, should make for a volatile week.

📈 The Macro View

Market Sentiment still ‘Extreme Fear’

Big sell-off in the equity markets last week, particularly on Friday where tech stocks got hammered hard into the close. Unsurprisingly market sentiment remains in ‘Extreme Fear’ territory. Contrarian longs are in play here but this indicator shouldn’t be used in isolation. Equity futures red again this morning.

Retail stopped buying the dip

As per JP Morgan’s quant desk, retail investors have been buying the dip in size all throughout March. However, this buying slowed dramatically toward the end of last week. Possibly a sign of some mental capitulation, however we have not seen any major selling yet. We probably need to flush these dip buyers out before we bottom out and move higher.

The Ultra-rich are still buying the dip

An updated look at the chart that I shared a couple of weeks ago. BofA’s private client’s continue to buy stocks at the fastest pace since 2022. I love this chart because if equities continue to sell-off, we’ll be able to see when these guys capitulate and sell their stocks, which could signal the bottom might be in. See the huge buying spike, followed by big selling spike which marked the end of the 2022 bear market.

The 2022 analogy

Long time readers will know that I love these market analogy’s. Chart below shows the S&P500’s 2022 sell-off, alongside 2025’s sell-off so far. If the analogy is to play out (which they frequently do!) we have a major leg down due very soon. One i’ll be keeping my eye on!

OK guys that’s it for this week. keep your risk management top of mind and i’ll see ya next week!

Kieran

Thanks to everyone who votes and leaves feedback in the weekly poll below. Last week was the highest amount ever! I check the results, read the comments, and greatly appreciate hearing from you. Like something? Dislike something? Want to see something new included the newsletter? Click the poll below and let me know! 🙂

🔥 Monitor prop firm payouts LIVE on Payout Junction -https://payoutjunction.com.