Markets took a broad hit as fear spread across stocks, oil, bonds, gold, and crypto all at once.

• The Dow dropped more than 600 points as oil prices jumped, with the selloff spreading across nearly every sector instead of staying contained to one area.
• Money is moving out of stocks and into short-term government bonds, a sign investors are getting defensive rather than riding out the drop.
• Gold and silver fell too, which is notable since they usually rise when fear takes over — here they're being read as a fear gauge rather than a safe inflation hedge, and right now they're sliding instead of spiking, reflecting the mixed sentiment moving through the market.
• Bitcoin broke below 80,000 and is expected to keep falling, with a possible bottom in the 40s-to-50s range before a new upward cycle can begin, based on patterns seen in past crypto cycles. XRP is also expected to keep dropping.
• The advice for this stretch is to hold more cash than usual and make sure bank balances stay within FDIC insurance limits.

Outlook: Expect stocks, Bitcoin, and other risk assets to keep falling in the near term, with cash and short-term bonds staying in favor until the selling pressure eases.