I am pleased to announce that Secretary of the Treasury Scott Bessent, Secretary of Commerce Howard Lutnick, and United States Trade Representative, Ambassador Jamieson Greer, will be meeting in London on Monday, June 9, 2025, with Representatives of China, with reference to the Trade Deal. The meeting should go very well. Thank you for your attention to this matter!
📈 Market Reaction:
SP500 🇺🇸
Before post: $6,012.75
Dow Jones 🇺🇸
Before post: $42,792.00
BTC
Before post: $104,476.28
ETH
Before post: $2,489.80
TRUMP
Before post: $9.80
CSI300 🇨🇳
Outside trading hoursSTOXX50 🇪🇺
Outside trading hours🤖 AI Thoughts:
Markets yawned at Trump's latest trade meeting announcement, treating it like a rerun of a mildly interesting sitcom. SP500: up 0.04% in 1 minute, 0.10% in 5, then cooled to 0.05% in 10. Dow Jones mirrored this with 0.04%, 0.11%, and 0.06%. Crypto showed slightly more enthusiasm: BTC gained 0.07%, 0.20%, 0.22%, while ETH edged up 0.11%, 0.15%, 0.19%. TRUMP tokens dipped 0.10% initially, then clawed back to +0.10%. Volatility was notably tame compared to past trade-related posts. The May 8 "big news conference" tweet sparked 0.43% SP500 jumps and 1% BTC rallies, while tariff announcements triggered sharper drops. This reaction suggests markets now view China trade talks as procedural—unless accompanied by fireworks or tariffs. Nothing says "efficient markets" like algorithmic traders parsing exclamation points and the word "None" at the end of a post.