BREAKING 🚨 Trump–Xi Meeting: Big Moves, Bigger Signals
Fresh headlines from the Trump–Xi summit 👇 🇺🇸🤝🇨🇳 Key outcomes: - US & China will collaborate on Ukraine. - Trump to visit China (April 2026) — Xi to visit the US soon. - China to restart soybean purchases and resume rare earth exports. - Ongoing talks on Nvidia chip restrictions. - Tariffs cut: overall from 57% → 47%. - Fentanyl tariffs slashed to 10%, with a joint pledge to curb its spread. 💬 Takeaway: this marks a real thaw in U.S.–China relations — trade, tech, and geopolitics could all shift from confrontation → cautious cooperation.
I would prefer to see better participation on the upside for the Nasdaq 100 $QQQ to extend its bull market.
Things have been improving lately but the negative divergence between price action and market breadth (% of Nasdaq 100 stocks above their 50-day MA) is not the best set-up. We remain long Tech though. Source: Trend Spider
S&P Global Ratings has issued a credit rating to Michael Saylor’s Strategy, the first time for any Bitcoin treasury company 👀
Source: Bitcoin Magazine
The Bitcoin / Gold pair rebounded perfectly off resistance (the election and liberation day marked the other lows)...
Source: zerohedge
S&P Global: "we are likely to continue to view capital as a weakness, because Strategy's bitcoin holdings are likely to grow materially"
So basically "the more Bitcoin they buy, the weaker their capital becomes.” If Strategy held U.S. Treasuries, S&P would call it “high-quality capital.” But if Strategy holds bitcoin, they mark it as negative equity. Incredible Source: @AdamBLiv
69% of S&P 500 index members that have reported their Q3 numbers so far have beat sales expectations,
It is the highest beat ratio in 4 years Source: Bloomberg
Not yet halfway through this earnings season.
But guide cuts are looking pretty good thus far. Let see if this number improves or worsens this week as 25% of S&P 500 market cap reports earnings Source: RBC, GS
Argentina Dollar bonds jump after Milei's landslide midterm win.
Source: HolgerZ, Bloomberg
