I love the smell of a fresh narrative in the morning…
So, we’re rooting for crazy Lutnick… and Bessent, two dynosaurs.
Lutnick said this morning taht he was optimistic the talks would conclude Tuesday night, but did not rule out more time if necessary. Tuesday night came and no deal announced yet… but wait, a Day 3 is on the table. Both Lutnick and multiple news outlets flagged that negotiations *could extend into Wednesday* (June 11) if unresolved issues remain ;
On the other side, China’s delegation at the London trade talks is composed of Vice Premier He Lifeng, acting as lead negotiator, Commerce Minister Wang Wentao, key in commercial and export policy discussions and Li Chenggang, newly appointed International Trade Negotiator (Vice Minister of Commerce), formerly China’s WTO envoy;
So it’s like an old Ford vs a new BMW. Tough luck getting something from them.
But… the leeway, the flexibility, the „positive, constructive“, we’ll continue, blah-blah…. is what the markets are expecting and will get that for sure when talks are wrapped up. So the markets are green today. Only thing is… by the end of week the positivity may die out, with a nothing-burger trade deal with China, the anti-immigration unrest possibly growing and Israel still dying to hit Iran so… buy the rumor, sell the news😏
(And TP before BTC hits the ATH 112k🤭)
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I love the smell of a fresh narrative in the morning…
So, we’re rooting for crazy Lutnick… and Bessent, two dynosaurs.
Lutnick said this morning taht he was optimistic the talks would conclude Tuesday night, but did not rule out more time if necessary. Tuesday night came and no deal announced yet… but wait, a Day 3 is on the table. Both Lutnick and multiple news outlets flagged that negotiations *could extend into Wednesday* (June 11) if unresolved issues remain ;
On the other side, China’s delegation at the London trade talks is composed of Vice Premier He Lifeng, acting as lead negotiator, Commerce Minister Wang Wentao, key in commercial and export policy discussions and Li Chenggang, newly appointed International Trade Negotiator (Vice Minister of Commerce), formerly China’s WTO envoy;
So it’s like an old Ford vs a new BMW. Tough luck getting something from them.
But… the leeway, the flexibility, the „positive, constructive“, we’ll continue, blah-blah…. is what the markets are expecting and will get that for sure when talks are wrapped up. So the markets are green today. Only thing is… by the end of week the positivity may die out, with a nothing-burger trade deal with China, the anti-immigration unrest possibly growing and Israel still dying to hit Iran so… buy the rumor, sell the news😏
(And TP before BTC hits the ATH 112k🤭)