U.S.-China talks are becoming one of the bigger market themes this week, with tariffs, AI and critical minerals among the key areas being discussed. Treasury officials from both countries have already held talks ahead of a Trump-Xi meeting in Washington. For markets, I’m watching how each area could translate into price action. Any progress on trade could improve sentiment around tech and semiconductors, while renewed friction could increase demand for defensive assets like gold. My watchlist is fairly simple: $SPY and $QQQ for the broader equity reaction, $NVDA for AI exposure, and XAUUSD for the gold side of the equation. #Macro Insights#