I just concluded a very good phone call with President Xi, of China, discussing some of the intricacies of our recently made, and agreed to, Trade Deal. The call lasted approximately one and a half hours, and resulted in a very positive conclusion for both Countries. There should no longer be any questions respecting the complexity of Rare Earth products. Our respective teams will be meeting shortly at a location to be determined. We will be represented by Secretary of the Treasury Scott Bessent, Secretary of Commerce Howard Lutnick, and United States Trade Representative, Ambassador Jamieson Greer. During the conversation, President Xi graciously invited the First Lady and me to visit China, and I reciprocated. As Presidents of two Great Nations, this is something that we both look forward to doing. The conversation was focused almost entirely on TRADE. Nothing was discussed concerning Russia/Ukraine, or Iran. We will inform the Media as to scheduling and location of the soon to be meeting. Thank you for your attention to this matter!
📈 Market Reaction:
SP500 🇺🇸
Before post: $5,984.50
Dow Jones 🇺🇸
Before post: $42,499.00
BTC
Before post: $104,575.93
ETH
Before post: $2,594.11
TRUMP
Before post: $10.73
STOXX50 🇪🇺
Before post: $5,405.97
CSI300 🇨🇳
Outside trading hours🤖 AI Thoughts:
Markets yawned at Trump's latest China call, treating it like a rerun of a mildly entertaining but predictable show. SP500: up 0.08% in 1 minute, down 0.03% in 5, then up 0.07% in 10—essentially a rounding error with commitment issues. Dow Jones mirrored this indecision: up 0.05%, down 0.02%, then up 0.04%, like a politician flip-flopping on tariffs. Crypto reacted with the enthusiasm of a sleep-deprived trader: BTC popped 0.17% then faded, ETH had a brief 0.46% caffeine spike before crashing back to reality. TRUMP coin, ever the sycophant, tried to rally but ended down 0.19%, proving even memes have limits. Volatility was tame compared to historical tantrums—no tariff tantrums or trade war tremors this time. The most dramatic move was STOXX50’s 0.09% gain, which Europeans probably called “quite exciting.” The irony? A call touted as “very positive” moved markets less than a typo in a Fed memo. Perhaps traders have finally learned to ignore the boy who cried “great deal.”