JPMorgan Chase just issued a market update, warning sentiment and macroeconomic data do not support a sustained recovery for stocks.

Mislav Matejka, the head of global and European equity strategy at JPMorgan, says investors appear to be overly bullish on US equities despite elevated recession risks and trade uncertainty, reports Investing.com.

Last month, JPMorgan raised the odds of a global recession from 40% to 60% amid President Trump’s trade war.

Matejka says that, unlike in the past, US stocks are no longer a “good place to hide in” during an economic downturn.

“The actual recession could still be avoided, but if one were to come through, the views by many that it is already in the price could prove to be too optimistic.”

Matejka supports his bearish stance on the S&P 500 by pointing out that US equities are expensive, trading at 21x forward earnings, while growth expectations are too high to account for a potential recession. He also warns the Fed is poised to hold interest rates steady amid mounting inflation expectations, even as the economy shows signs of cracking.

Billionaire Paul Tudor Jones appears to echo JPMorgan’s outlook. In a new CNBC interview, Tudor Jones warns that Trump’s tariffs and a hawkish Fed could drag the stock market below its 2025 low of 4,835 points.

“For me, it’s pretty clear. You have Trump who’s locked in on tariffs. You have the Fed who’s locked in on not cutting rates. That’s not good for the stock market. We’ll probably go down to new lows…

There are taxes, like the largest tax increase since the [1960s]. So you can take 2 to 3% off growth and then you got the Fed who’s, unless they got really dovish and really, really cut, you’re probably going to new lows. And then when we’re at new lows, the hard data will start to follow and it will probably create the Fed to move, create Trump to move and then we’ll get some kind of rally after.”

As of Friday’s close, the S&P 500 is trading at 5,659.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Newly-confirmed United States Securities and Exchange Commission (SEC) Chair Paul Atkins is poised to begin his tenure at his new role this week, a Monday report from Crypto in America claims.

SEC Chair Paul Atkins May Start This Week

According to the April 21 newsletter, two sources familiar with the matter told the novel media that U.S. President Donald Trump’s pick to lead the federal regulator will officially be “sworn in” to his position sometime this week.

Atkins, who was confirmed by the U.S. Senate on April 9, has yet to officially begin leading the regulatory agency, largely believed to be due to scheduling and procedural causes.

“We welcome Paul Atkins as the next Chairman of the SEC,” the commission said in a statement earlier this month following his confirmation.

“A veteran of our Commission, we look forward to him joining with us, along with our dedicated staff, to fulfill our mission on behalf of the investing public,” the organization added.

Trump’s Regulatory Overhaul Begins

Atkins is largely seen as a crypto-friendly choice to spearhead the SEC, with recents reports indicating that he owns between between $1 million and $6 million in digital assets.

The selection of Atkins, who previously served at the federal regulator under former U.S. President George W. Bush, coincides with Trump’s plan to overhaul prior regulations at several key government agencies.

The SEC has long garnered flack by members of the cryptocurrency community for its regulation-by-enforcement approach to the blockchain sector under the leadership of former SEC Chair Gary Gensler.

However, the agency has changed its tune in recent months, dropping several highly-publicized lawsuits against key players in the crypto industry including Coinbase, Kraken, and more. Atkins’ upcoming tenure may only serve to embolden the agency to lessen its grip on the crypto sector.

The post Crypto‑Friendly Paul Atkins to Take SEC Helm This Week, Industry Braces for Shake‑Up appeared first on Cryptonews.

President Trump’s official memecoin (TRUMP) is about to go through a massive token unlock worth about $341 million.

According to crypto tokenomics data aggregator Tokenomist, 40 million TRUMP tokens will be unlocked on the open market on April 18th.

With 199 million TRUMP tokens currently in circulation, the unlock represents about 20% of the memecoin’s circulating supply.

TRUMP currently has a market cap of $1.69 billion and a fully diluted valuation (FDV) of $8.48 billion.

Token unlocks are often considered bearish for crypto assets, given that new supply will soon be available and sell pressure may be higher.

Like most digital assets, TRUMP suffered recently following the escalation of the president’s trade war, starting when he signed an executive order that slapped tariffs on all imported goods entering the US with the stated goal of protecting domestic manufacturing.

Despite the unlock, cryptocurrency trader and analyst Ali Martinez is leaning bullish on TRUMP.

Martinez tells his 134,800 followers on the social media platform X that TRUMP could be preparing for a bullish reversal based on the Tom DeMark (TD) Sequential indicator on the weekly time frame.

The TD Sequential indicator is used to identify potential trend reversal points in technical analysis.

Says Martinez,

“The TD Sequential just flashed a buy signal on the TRUMP weekly chart!

Key support: $7.13
Breakout confirmation: $11.96
Target: $17.94.”

At time of writing, TRUMP is worth $8.37.

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