In this newsletter, we discuss the escalating concerns of stagflation as Wall Street grapples with the threat of stagnant growth coupled with high inflation. With untraditional economic tools possibly failing, the impact of past trade policies from the Trump administration is analyzed. Additionally, the crypto market faces uncertainty regarding its bull run, amidst fears of layoffs yet some positive indicators emerge. Finally, we report on a significant drop in U.S. stocks following Trump's transition comments, coupled with heightened recession fears from financial forecasts.