🚨US Treasury Secretary Bessent to provide a briefing on US-China talks at 08:00 BST / 03:00 ET, via Bloomberg. [in 30 minutes]

US-China tariff reductions to exceed 100%. -sources

Always

🚨China-US Joint Statament: China to lower tariffs on US goods to 10% from 125% for 90 days

🚨China-US Joint Statament: US tariffs on China to include a 10% base plus a 20% fentanyl levy

🚨China-US Joint Statament: US & China to change tariff rates by May 14th

🚨🚨China to reduce tariffs on United States goods to 10% from 125%, United States to reduce tariffs on Chinese goods to 30%, from 145%

🚨Bessent: We've reached an agreement on a 90 day pause and have substantially moved down the tariff walls

Bessent: We now have a process, plan and mechanism to continue to talk with China

Bessent: Neither side wants a decoupling [send everything]

Gold $3,430 top confirmed [rotation into crypto started weeks ago]

US 10 year, 20, 30 year yields up [market has gone risk on]

JP Morgan: US-China tariff cuts exceed expectations [and so will the pumps at US open]

🚨CNBC Africa crypto show host Ran Neuner: Truth Social Memecoin launching in next 72 hours. Seems like similar gang to TRUMP coin team.

NASDAQ up nearly 4%

S&P up nearly 3%

ING upgrades China GDP forecast to 4.7% for 2025 after US deal. [macro narrative flipping bullish]

Wedbush analysts: The significant cuts to US-China reciprocal tariffs represent the best-case scenario.
*Supply-chain concerns will now be significantly reduced
*Potential for new highs for US stocks in 2025

🚨Trump: Drug prices to be cut by 59%, plus gasoline, energy, groceries, and all other costs, down. [Powell has got no excuses to not cut rates after this. Jet fuel incoming]

SPX has rebounded sharply but CTA (trend following funds) positioning is still negative. Trend followers are still not chasing the rally, leaving a lot of dry powder still sidelined. [the real pump starts when they start chasing]

Rare earth export permits for US customers are expected to receive faster approval from Beijing following Monday's trade war truce. The Ministry of Commerce may expedite the permit process, which typically takes 45 days, and could soon begin granting licenses specifically for US buyers -sources