🚨 MARKETS STUNNED: US–China Talks End Without a Deal! 🇺🇸🇨🇳
Yes, President Trump did sit down with President Xi in Busan — but the long-hyped trade agreement? Still hanging in the air. 🤝
Here’s the real picture 👇
➡️ They’ve agreed only on a “basic framework” — no signatures, no timeline, no concrete terms.
➡️ Traders were bracing for fireworks… and got polite smiles instead.
💥 The fallout:
Crypto and stocks took a hard hit — over $150M in crypto longs wiped out within minutes as investors rushed to dump risk assets.
A textbook case of “buy the rumor, sell the news” — optimism flipped to panic in record time. 😬
🧠 And it doesn’t stop there:
The Fed trimmed rates by 25 bps.
Powell’s tone? Careful, warning that a December cut is “far from certain.”
Meanwhile, major players like BlackRock, Fidelity, and ARK 21Shares collectively sold $398.64M in BTC — a clear sign of risk reduction. 💸
So despite:
✅ A rate cut
✅ “Progress” in trade talks
…confidence remains shaky. ❌
📊 Until Trump and Xi ink the deal, markets will stay nervous — and whales seem more interested in taking profit than buying the dip.
#USChinaDeal #CryptoMarkets #Trump #FOMC
#TradeTalks