🎯 WILL THE OLD GUYS BLOW UP THE MARKET? 👀
Today, Grandpa Xi Jinping flew to the US for a working meeting with Trump and representatives of the US tech sector
A similar meeting got a ton of attention last year. On October 10, Trump announced aggressive tariffs targeting Chinese rare-earth metals, and just a month later he went in to negotiate tariffs and subsidies with some serious leverage in his hand
This time, the official agenda is extending tariff agreements and securing mineral supplies from China to the US. AI will also be on the table especially its military applications
But IMO, the real elephant in the room will be the Iran war
Trump can use it as leverage because China is one of Iran’s key partners. China creates massive energy demand, relies heavily on shipping lanes and ports, and expensive oil is a headache for global manufacturing as a whole with China sitting right at the center of it
No idea how Trump and Xi are going to play their cards here.
I wouldn’t expect anything crazy from the meeting itself, but the real impact could start showing up over the next few weeks
Last year, just one week after their meeting, Bitcoin resumed its downtrend from $110K all the way to $80K.
Fits the “bear market continuation” thesis pretty damn well, doesn’t it? 👀
Drop your takes in the comments.
Until then stay profitable 🔥
Post #6768
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