- U.S. futures and global markets nosedived Sunday night, sparking fears of a “Black Monday”-style crash amid rising trade tensions and macro panic.
- Crypto and gold also tumbled, with Bitcoin dropping below $78K, Ethereum under $1,600, and even gold falling below $3,000 as liquidations surged.
- Investors—retail and institutional—are fleeing risk fast, with volatility spiking and sentiment collapsing to levels not seen since early pandemic days.
It’s Sunday night. Futures are falling like dominoes, and the mood? Yeah… not great. U.S. stock futures plunged hard after the bell, setting the stage for what could be a seriously chaotic Monday open — some are already whispering about a “Black Monday” repeat. Dramatic? Maybe. But also… maybe not.
By 10 p.m. ET:
- S&P 500 futures were down 5.98%
- Nasdaq 100 slid 6.2%
- Dow futures dipped 5.5%
It’s been a pressure-cooker of a few weeks: trade tensions climbing, macro noise everywhere, and now it looks like everything’s tipping at once. Stocks, crypto, you name it — people are bailing outta risk like it’s a burning building.
Even Cramer’s Spooked
Over the weekend, Jim Cramer dropped a spicy little throwback reference on X, saying:
“Surprised we can’t get a short cover rally in case President Trump realizes that a Black Monday may not burnish a legacy.”
Oof.
Asia’s Already In the Fire
Markets in Asia didn’t wait around to see what happens next. Japan’s Nikkei 225 tanked nearly 9% in early trading. Over in Taiwan, the Taiex got wrecked — down close to 10% right after reopening from a holiday break. It got so bad that circuit breakers were triggered on big names like TSMC and Foxconn.
The response? Officials jumped in fast, slapping on a temporary ban on short-selling just to keep things from totally going off the rails.
Crypto’s Not Looking Much Better
Bitcoin’s getting hammered too. Fell to a three-week low Sunday — now sitting around $77,700, according to CoinGecko. That’s more than a 6% drop in 24 hours.
Ethereum? Even worse. Down nearly 12%, now trading under $1,575.
The whole crypto market’s basically in lockstep with the broader panic. Risk is out, fear is in.
Liquidations are popping off — like, $892 million worth across the board. That includes over $300M in Bitcoin long/shorts, per CoinGlass. So yeah… brutal.
Gold, the “Safe Haven”? Not So Safe
Get this — even gold’s down. Below $3,000, which is kind of wild.
Marco Lim from Solowin Holdings said,
“If USD/JPY breaks lower, we’re likely to see further unwinding of carry trades.”
Translation? More selling. Possibly everywhere.
The volatility index futures ($VIX)? Spiked way past last summer’s highs.
The Kobeissi Letter, a macro newsletter people follow religiously during market chaos, put it this way:
“Market action has lost its orderly nature… we’re in a fear phase now.”
Retail & Institutions Are Both Running for the Exits
Retail folks dumped $1.5 billion in stocks in less than 3 hours Friday — a record-breaking outflow. That’s not normal.
Institutional investors? Not hanging around either. March marked the fastest exit from U.S. equities in years.
The Trump Tariff Bombshell Didn’t Help
Oh and in case that wasn’t enough: last Wednesday, Trump announced new sweeping tariffs. On 185 countries. Live. One by one. During his “Make America Wealthy Again” rally. The market lost $2 trillion in 15 minutes. Yes, really.
Investor Sentiment = Broken
- Bearish sentiment: 61.9% (third highest ever)
- Bullish: 21.8% (that’s… sad)
Crypto tanked again Sunday night — BTC under $80K, ETH below $1,800. Global crypto market cap down 10% to $2.57 trillion.
Kobeissi thinks we’re getting close to “capitulation,” but warns:
“Even the worst bear markets see relief rallies.”
So if we bounce? Don’t get too excited — it might just be a dead cat doing gymnastics.
Eyes On Monday — And CPI Data Later This Week
Everyone’s holding their breath for the U.S. market open. Will it be the full meltdown people are fearing? Or just an ugly blip in an already messy stretch?
Either way, grab some coffee. You’ll wanna be awake for this one.
