BREAKING: China appears to soften their stance on recent rare earths export controls.

China now says:

1. The recent change is NOT a full export ban
2. Applications that “meet regulations” will be approved
3. Willing to engage in deeper dialogue
4. Looks for global industrial and supply chain stability
5. Relevant impact of export controls is “very limited”
6. Calls this a “necessary defensive action”

China also adds that they will take measures if the US persists in raising tariffs.

https://x.com/KobeissiLetter/status/1977223543793340831

NOW WATCH THE STOCK MARKETS SOAR TO DIZZYING NEW HEIGHTS STARTING MONDAY

nvestors are waking up to some major news from China:

The entire tariff crash on October 10th may have just been one big misunderstanding between Trump and Xi.

The news about China’s rare earth export controls came out on October 9th at ~8:30 am ET, 26 hours BEFORE Trump posted about it.

This was a non-news event UNTIL President Trump posted about it over one day later.

Last night, China released a statement clarifying their “export controls” on rare earths.

In their response, China said the new controls are NOT a full export ban and applications that “meet regulations” will be approved.

Amid the market’s downturn on Friday, our view was that the 100% tariff announcement by Trump was a bargaining chip.

After China’s statement last night, we believe the odds of Trump’s 100% tariff on China going into effect are extremely low.

The largest crypto liquidation in history and a -$2.5 trillion loss of S&P 500 market cap appears to have been driven by one big misunderstanding.

We expect another “trade deal” soon.

KOBEISI LETTER

TAW

………

AND

BREAKING: Vice President JD Vance continues de-escalation with China following China’s clarifying statement last night.

VP Vance says:

1. We appreciate the friendship between Trump and Xi

2. President Trump hopes the US won’t need to use “leverage” on China

3. President Trump is willing to be reasonable negotiator with China

Is a Trump-Xi meeting announcement coming next?

https://x.com/KobeissiLetter/status/1977393953604342070

WATCH THE FUTURES TONIGHT FOR A MASSIVE STOCK RALLY !!!

FRIDAY WAS A MASSIVE SHORT COVERING OPERATION..IF YOU WENT SHORT …YOU HAVE BEEN HAD !!

TRUMP ALWAYS WINS AND THE STOCK MARKET ALWAYS GOES UP AND UP AND UP AND UP AND …