May 15 important time window update:
The Federal Reserve officially changes leadership: Current Chair Powell's term ends on May 15, and Kevin Warsh is expected to complete the confirmation process and officially take office on the same day or before. Trump's visit to China concludes: President Trump will make a state visit to China from May 13 to 15. The most significant announcements, such as the outcomes of meetings with leaders and negotiation results, are likely to be released on the final day of the trip. Expiration date for US-China monthly options: The last trading day for the month’s stock index futures/options contracts is concentrated on May 15 (Friday).
Combined with the strong non-farm payroll data released this month, and the CPI and PPI confirming further strengthening of inflation, the yield on 30-year US Treasuries breaking through 5%, along with large IPOs like SpaceX going public, it is highly probable that Warsh’s first two months in office will involve balance sheet reduction. Liquidity is expected to tighten further. Beware of potential pullbacks triggered by subsequent lack of market liquidity.
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Important events this week!
US-China Competition and Security Dialogue
Expectations for high-level US-China meetings: Fundamental contradictions are not expected to be resolved; the core focus will be shifts in pace, such as the US approach to the Iran conflict. At best, some bilateral trade agreements might be reached, including Boeing aircraft, soybean orders, and easing of certain export restrictions. The US and China plan to establish an AI safety hotline to prevent crises caused by loss of AI control. The Trump administration is considering easing chip restrictions. AI competition has become a 'digital arms race,' with both sides competing in technology, military, and supply chains...

keep holding or cut my loses ?