Trump-Xi Summit
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Trump-Xi, Fed Cuts, and Big Tech Earnings: What You Need to Know
The markets experienced volatility due to geopolitical events, economic data, and Big Tech earnings. Trump and Xi agreed on rare earths, trade, and fentanyl. The Fed cut interest rates by 25 basis points but tempered expectations for future cuts. Alphabet, Meta, and Microsoft beat earnings estimates, signaling increased capital expenditure driven by AI demand, alleviating fears of a dot-com bubble. Trump’s rare earth deals aim to challenge China’s dominance but face significant hurdles.
