Well, here’s the big news for the weekend………………
• China suspends all retaliatory tariffs & non-tariff measures imposed since March 4 • China issues new general licenses for rare-earth exports & pauses new export controls • China commits to end fentanyl flow to the U.S. • China to buy at least 12M metric tons of U.S. soybeans • U.S. cuts tariffs on Chinese goods by 10 percentage points The biggest de-escalation in U.S.–China relations since the trade war began.
Welcome to November
50 years of seasonality data says November is the S&P 500’s strongest month: 73% win rate, average return of +2.1%
Meanwhile, tons of consumer-facing stocks are in or near bear-market territory, down 20%+ in 2025. AI truly is the lifeline of the global economy.
Even though we are “buddies” with China again, that doesn’t kill the Rare Earth trade. Scott Bessent quote this weekend….””China has been putting its rare earth plan together for 25 years. The US has been asleep, but now this administration is going to move at warp speed over the next 1-2 years to get out from under this sword.”
No setups tonight, but I am watching some that I could add at any time.
NFLX (NFLU), OPEN, TNA. More will develop as the week progresses.
See you in the morning.