Bit by bit Trump is backing down on tariffs. Now he's backed down on electronics from China (MAJOR). It was always a "shoot yourself in the face and foot at the same time" kind of move. So what's the next tariff backdown?

We might eventually end up with only 125% tariffs on China for the importation of peach pips.

China not buying US Treasuries last week kicked Trump in the ballsack to show him how to really play bully boy. Kick 'em where it hurts. Expect a major spin from Trump this week, followed by more backing down in the following months.

SPX will be happy. Thus so will Bitcoin.

I still don't expect Bitcoin to break $88k this month (longer time-frames). Next month looks better on the charts with run to $92k.

GN.