May. 13 at 11:32 AM
$QQQ $SPY $NVDA $SMH $BTC
The Trump-Xi meeting represents a potential inflection point for semiconductor supply chains, trade policy, and geopolitical relations. The outcome is unknowable, but the stakes are clear.
Meanwhile, inflation data has complicated the narrative of a soft landing that markets had been pricing. Real wages are declining. Core prices are accelerating. The Fed transition adds another layer of uncertainty.
Yet the AI investment cycle continues to drive earnings growth that supports elevated valuations. The infrastructure buildout shows no signs of slowing. Corporate profits are expanding at a pace that justifies much of the market's advance.
This is a moment that rewards discipline over conviction. The opportunities are real. So are the risks. Investors who maintain balanced exposure while avoiding the temptation to chase extended moves will be best positioned for whatever comes next.
https://dansheehan.beehiiv.com/p/trump-lands-in-beijing-with-historic-delegation
