美股期货、黄金白银、比特币继续暴跌，超28万人爆仓

Core Viewpoint - The article discusses the widespread panic in global financial markets due to "reciprocal tariffs," leading to a significant sell-off across various asset classes, with no clear winners in the market [1]. Market Performance - U.S. stock indices, crude oil futures, cryptocurrencies, and precious metals experienced severe declines, with the Nasdaq futures dropping over 5% and the S&P 500 futures down more than 4% [2]. - Crude oil futures fell by 10% last week and continued to decline, with WTI crude oil futures dropping below $60 per barrel for the first time since April 2021 [3]. - Spot gold and silver also saw declines, with gold down nearly 1.7% and silver dropping 3% in early trading [5]. Cryptocurrency Market - COMEX copper futures fell over 8%, while major cryptocurrencies like Bitcoin and Ethereum dropped more than 6% and 12%, respectively, leading to over 28,000 liquidations totaling $852 million in the past 24 hours [8][10]. Investor Sentiment - The VIX index surged by 40% on April 3 and then by 50% on April 4, reaching its highest level since April 2020, indicating extreme fear in the market [13]. - The S&P 500 index fell by 5.97%, marking its largest single-day drop since March 2020, while the Dow Jones Industrial Average also entered a correction phase [15]. Economic Implications - The article highlights concerns that rising tariffs will increase supply chain costs and weaken profitability, particularly for tech-heavy indices like the Nasdaq [17]. - Investors are selling off assets, including gold, to cover losses in other areas, reflecting a broader trend of panic selling similar to the sell-off during the COVID-19 pandemic [19]. Federal Reserve's Stance - The Federal Reserve's Chairman Jerome Powell indicated that the Fed would not rush to respond to the tariffs or market volatility, suggesting a cautious approach to monetary policy adjustments [24]. - Powell's comments have led to a shift in market expectations regarding interest rate cuts, with projections for four 25 basis point cuts being pushed from October to December [26]. Future Outlook - Some analysts are exploring potential "buying opportunities" in the aftermath of the market crash, while others express skepticism about the sustainability of a bull market given the ongoing trade tensions [28][29]. - The risk of economic recession is increasing, with predictions of a 60% chance of recession in the U.S. if the tariff policies persist [31].