By coinnews 
00:00 Speaker A
I do want to ask you about the action that we’re seeing today, right? Because we had this report that Treasury Secretary Scott Besen had made some more optimistic comments about China and the USD escalating. Although it seemed to be not necessarily based on any actual talks, but the market, um, America was rallying ahead, even ahead of that report to be fair. But, you know, how do we know what’s really going on? And and what do investors know in terms of what they should be trading on?
01:06 Speaker B
Well, it’s it’s a great question. And I think as we look at the price action yesterday, and then of course today, we saw a pretty meaningful selloff, concerns around, you know, the relationship between Trump and Jay Powell. And then we see this recovery today. That kind of bounce back isn’t unusual, of course, after a crushing blow like we had yesterday. And then, of course, as we see news, whether it’s, you know, JD Vance’s conversations in India, or whether it’s Besen and his conversations around some expectation for a trade deal with China, that’s getting really at the epicenter of investors’ concern, which is what does trade policy look like? And to your point, there’s nothing concrete that they can point to, but there is a tone that they can hang their hat on at least for the day-to-day price movement. But it also underscores the fact that we are in really volatile times. And so anything that enhances economic or policy uncertainty is going to be something that could be a driver of market losses. And anything that seems to alleviate at least for the moment concerns around what trade policy could look like is going to be a an accelerant for the market. And we’re just in this period of volatility where we’re trying to divine things based on on comments without necessarily substance.