▲ 53 r/smallstreetbets
The benefits of the Trump-Xi meeting have been fully priced in, and there is a lack of major policy breakthroughs.
No Turnaround on Chip Export Controls: Following Trump's visit to China, US officials explicitly stated that the bilateral talks did not focus on easing semiconductor export controls, dashing hopes for a loosening of policy in the AI and semiconductor sectors. Market Profit-Taking: Funds that had previously bet on the positive effects of the US-China summit chose to take profits today as the news "dropped," causing a temporary halt to the global bull market driven by artificial intelligence (AI).
u/Diannah10 — 7 days ago