Call me naive if you want.
But I think there’s an imminent deescalation with China coming.
1. We are just weeks away from a full collapse of our economy without Chinese inventory. If ships start leaving China this weekend, they’ll get to the U.S. just in time to avoid that disaster.
2. Yesterday, Trump said he wouldn’t reduce tariffs on China under any circumstances. Today, he said he is very open to reducing the tariffs. He obviously knows his time is up playing the tough guy.
3. Trump said buy stocks today. The same exact comment he made before he paused all the tariffs on the rest of the world on April 9th.
4. Risk assets are relentlessly ripping. Bitcoin, Stocks, even Oil. Safe haven assets like Gold and Treasuries are selling. Really seems like the major market participants - whom we know have gotten tipped off by the administration before - know what is coming.
Feel free to disagree with me.
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