The Magnificent 7 tech stocks just got hit hard—wiping out nearly $700 billion in market value. The culprit? Fresh tariff threats that sent shockwaves through the market.

Here's what went down: Policy tensions ramped up the uncertainty, and investors started bailing out of high-growth tech positions. The sell-off was brutal and swift.

But there's an interesting flipside. While equities were bleeding, gold took the opposite route—hitting fresh record highs. Classic safe-haven behavior. When geopolitical and trade risks spike, money flows into traditional safe havens.

So what does this mean for your portfolio? Markets are clearly repricing risk right now. The policy environment is creating real volatility across asset classes. Tech stocks getting crushed while gold rallies signals investors are hedging hard and reassessing their exposure.

Worth watching how this plays out. Trade tensions have a way of cascading into broader market impacts.