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Trump's Beijing Trip Triggers Bid For Big-Tech, Bitcoin, Black Gold, & The Buck; Boeing & Bullion Bruised

Tyler Durden's Photo
by Tyler Durden
Authored...

Tl;dr: A series of positive headlines from Beijing (and CSCO's outlook hike) supported the AI/Semis-engine driving stocks higher again (also helped by solid retail sales/claims). Oil ended higher (as Hormuz flow remains muted). Bitcoin followed along with an aggressive bid as silver and gold slipped lower. The dollar was bid but bonds were dumped late in the day.

Oil