Originally posted by Mossberg
Nailed a deal? Wow. Way off the mark. Both parties agreed to a 90 day extension to Trump’s proposed 1 Jan tariffs, subject to certain reciprocities from Xi
I’m glad it happened, and I expect gold & commodities to rally this week, but realistically this is only a small and symbolic step forward. A comprehensive settlement remains distant
Anyway, let’s wait and see if Azure gets buoyed on the back of a rising tide. Market sentiment re AZS & Opasura is just so terrible, I honestly wouldn’t be surprised to see it languish
wow way off mark.
My actual words were these:
I believed Trump would nail a deal with the Chinese soon. Both sides absolutely need it. So it has to happen and it is happening.
As you can see, the negotiations are under way. This is entirely consistent with what I have said. Soon doesn't mean tomorrow, but it does mean the negotiations are being undertaken with a sense of urgency.
A comprehensive settlement will take time. Naturally. But the important thing is how the market responds. And that's all we need.
I know hell will freeze over before you admit you were taken by surprise on this. But you were.