S&P 500 Shatters Records as Trump Announces High-Stakes Summit with China’s Xi Jinping
Markets surge on diplomatic breakthrough—because nothing says stability like two unpredictable leaders having coffee.
Geopolitical Gambit Pays Off
The S&P 500 just blasted through its previous ceiling as Trump confirmed he's sitting down with Xi Jinping. Traders are betting that even tentative dialogue beats radio silence between economic superpowers.
Risk-On Mode: Activated
Equities aren't the only winner—crypto's riding the wave too. When traditional markets catch fire, digital assets often get the spark. Bitcoin's flirting with resistance levels while altcoins eye breakouts.
Diplomacy Moves Markets
One meeting shouldn't dictate global finance—but here we are. The market's treating this like a peace treaty before the handshake even happens. Classic finance: pricing in hope faster than reality can deliver.
Watch the fallout—because in today's markets, a photo op can be worth more than fundamentals.
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Trump said on Monday that the negotiations were advancing “very well,” adding that he WOULD meet with Chinese President Xi Jinping on Friday.
Trump and Xi to Discuss TikTok and Tariffs
Further details concerning the meeting venue and FORM are still unclear, although the two leaders will discuss a framework for a TikTok deal that was reached during the talks. A tariff pause extension and the flow of fentanyl will also be closely watched topics.
TikTok is set to be banned in the U.S. on September 17, although U.S. Trade Representative Jamieson Greer noted that the deadline could be extended in order to sign a deal with China.
