The analysis agency The Kobeissi Letter stated, "The current situation is as follows: technology stocks plummet, as if tariffs will exist for a long time; affected by demand concerns, oil prices have fallen to a four-month low; driven by uncertainty, gold prices have risen to a historic high; bond prices are rising, as if rate cuts are about to return; the cryptocurrency market is falling, with billions of dollars evaporating; interest rates are falling, as if the economy is slowing down. The market is pricing in an economic recession."