đşđ¸đ¨đł USâChina Deal?? Then Why the Crash?!
Yes, President Trump did meet with Chinaâs President Xi in Busan. The meeting is done.
But hereâs the twist... thereâs no final trade deal yet. Just confirmation of what was already agreed on before: a âbasic consensusâ or framework.
No signatures. No timeline. Just vague optimism.
Markets didnât like that. At all. đŹ
đ Within minutes of the news, $150M in crypto longs got liquidated, as Bitcoin and risk assets dipped hard.
Itâs a classic âbuy the rumor, sell the newsâ moment â everyone was overly bullish going in, expecting fireworks. Instead, they got a polite handshake and diplomatic smiles.
đ§ Add to that: â The Fed just cut rates by 25 bps, â Powellâs tone was cautious (âDecember cut far from certainâ), â And traders were already on edge...
You get a perfect storm for a post-meeting selloff.
So yeah â Trump said progress was made, Xi agreed on a âgreat understanding,â but until an actual trade deal gets signed, markets are staying nervous.