POTUS Goes To China

What will be the likely outcome of the Beijing summit between Trump and Xi? William considers the possibility that the one-year “détente” agreement between China and the US, signed in October 2025, will be extended. Both sides could use some trade deals. The big question is whether China will lean on Tehran to accept US terms for ending the war. … Our “house” position is that China’s stock market is appropriate for traders, not investors. Toby sees upside in China’s tech stocks if Xi convinces Trump to allow more US semiconductor exports to China. … William updates on developments in Japan that might impact the carry trade.