TechFlow news, October 12 — The Kobeissi Letter released a new market analysis indicating that news regarding China's rare earth export controls was actually published around 8:30 AM Eastern Time on October 9, approximately 26 hours before Trump's post. In other words, this was originally a non-event—until Trump commented on it more than a day later. Last night, China issued a statement clarifying its rare earth export control policy, stating that the new measures are not a comprehensive export ban and that applications meeting requirements will still be approved. During last Friday’s market decline, our view was that Trump’s threat to significantly increase tariffs on China was merely a negotiating tactic. Following China’s clarification, we believe the likelihood of Trump actually implementing大幅 increased tariffs is extremely low. It now appears that the largest cryptocurrency liquidation in history, along with a $2.5 trillion loss in S&P 500 market value, stemmed from a massive misunderstanding. We expect another trade agreement to emerge soon.
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