#DinnerWithTrump All major stock indices rose on Wednesday 🗣️ after Finance Minister Scott Bessent's speech promising to maintain U.S. participation in trade! Bonds fell, and $ strengthened by 0.93% 💵. The S&P 500 soared by 1.67%, Nasdaq by 2.5%, and Dow gained 419 points (1.07%)!
Gold dropped by 3.33% to $3305 after hitting a record $3500 on Tuesday. Investors reduced their investments in safe havens (gold, BTC) amid stabilizing stocks. BTC ended the day up 0.22%, breaking its correlation with the market.
The importance of cooperation with partners was emphasized, and a softer tone was adopted regarding China, where tariffs reached 145%. "We want to help China change by restoring balance."
Fears of a trade war between the U.S. and China have eased. The light at the end of the trade tunnel gives investors confidence in a softening of Trump's tariff policy. Markets see a chance for dialogue instead of confrontation.
Bonds and $ began to recover: yields on 10-, 20-, and 30-year securities fell. The rise in BTC is linked to the weakness of the dollar; BTC moves in unison with gold, yen, and euro.
Forecasts: investors are waiting for concrete steps on agreements. While stocks rejoice, safe havens lose appeal, and BTC balances correlations. The focus is on further U.S.-China negotiations!