The market soared last night, accompanied by three detentions of Trump's team: 1. 11:59 (early morning); Bessent said at a closed door meeting with JPMorgan investors that the current situation is unsustainable and there will soon be a de escalation with China, which will give the market a "breath of relief". Chinese concept stocks rose sharply, gold fell slightly, and Nasdaq rose in response. The finance minister deliberately chose to make a "private" statement to investors within Wall Street investment banks such as JPMorgan Chase, indicating a high level of attention to market sentiment and allowing the most sensitive capital market participants to digest and layout before the official announcement. 2. Around 1am, Politico jumped out and said that it may take several months to complete the negotiations. At this time, the White House is paving the way: White House Press Secretary Levitt stated at a press conference that Trump is laying the foundation for a trade agreement with China and that relations with China are moving in the right direction. Levitt also stated that Trump "has the right to express dissatisfaction with the Federal Reserve" and its chairman Powell, and Trump believes that some of the Fed's actions are due to political reasons. 3. At 5 a.m., Trump said that the US tariff on China would be "significantly" reduced from the current level of 145%, and the tariff would not be reduced to zero. China will be very satisfied with the final tariff rate. Trump also said that he has no intention of firing Powell and hopes to see him more proactive in cutting interest rates. Three rounds of easing will gradually push the market upwards, as discussed two days ago. Looking ahead, it is highly likely that the market will continue to fluctuate upwards in the next one or two weeks, as it did in the previous two weeks. Because Trump and Besant are still pushing forward negotiations, the market still has expectations for reaching a new trade agreement, and there are signs of repeated desensitization to tariffs. In the short term, the recovery of sentiment is also an upward momentum