🔎 The Bears Travelled to Europe

April 6, 2025

📊 Daily ETF Overview

1

After holding up for several weeks, many global markets are finally starting to feel the weight of the Trump tariffs.

What began as a U.S.-centric correction has now turned into broad, indiscriminate selling across markets and risk assets.

Financials and European markets had been showing some resilience amid the U.S. weakness — but that’s no longer the case.

Germany’s $EWG just broke down hard, failing to hold its long-term breakout in spectacular fashion.

1

Across Europe, more countries are now struggling to break out and hold key resistance levels.

After weeks of holding firm, the bias for Europe — and most global markets — has shifted sideways to lower.

1