Reversal Emerges! Trump Makes Three Concessions at Midnight, U.S. Stocks / Crypto Market Soars

Waking up, the financial markets were in a frenzy! U.S. stocks and the crypto market surged significantly, all stemming from Trump's three major concessions made at 00:00, 01:00, and 05:00.

U.S. Treasury Secretary Mnuchin was the first to speak, stating that the trade war with China is difficult to sustain, and that a de-escalation is imminent.

Shortly after, Trump himself stated: "A 145% tariff is too high; tariffs on China will be significantly reduced, China will be satisfied, and the U.S. and China will cooperate well together." Furthermore, although Trump expressed dissatisfaction with the pace of the Federal Reserve's interest rate cuts, he clearly has no intention of firing Powell.

Even more noteworthy, Trump dropped a "super egg," declaring that he would announce a peace plan for Russia and Ukraine within three days.

Previously, unusual movements in U.S. Treasury bonds, strong countermeasures by the East, and Powell's open challenge have all hinted at a changing tide. $ETH