Friday ended with a heavy start. But Sunday completely changed the mood: Trump's post, crypto prices soaring early, futures soaring.

Monday starts with a completely different backdrop!

The turnaround began in the crypto market, even in the morning.

The market was already showing signs of recovery—even without a clear trigger. Bitcoin bounced back from its lows, Ethereum accelerated, and altcoins like Solana and BNB rallied.

Friday's selloff began to be absorbed well before Trump spoke.

The big relief for the rest of the market came after lunch.

Trump posted that the US "wants to help China, not hurt it"—a clear gesture to defuse tensions.

The tone was friendly. And that was all the assets needed to respond.

The reaction was intense:

US futures opened significantly higher:

• Nasdaq +1.6% • S&P 500 +1.2% • Small Caps +1.1% • Dow Jones +0.8%

Almost half of Friday's decline has already been reversed—even before Monday began.

But the risk hasn't gone away.

Trump reaffirmed that tariffs against China remain scheduled for November 1st.

The market chose to focus on the tone—and ignore the harsher content. On Polymarket, only a 15% chance was priced in.

Tomorrow there's an important detail: It's Columbus Day in the US.

• Stock markets open as usual • But the interest rate market remains closed

In other words, there's less liquidity in Treasuries, more room for noise and off-axis movements.

This improvement will prevent a correction that could be quite ugly.

Sunday Recap: • Crypto had been reacting since early morning • Trump calmed the mood in the afternoon • Futures rose sharply • A significant portion of the decline was reversed • Monday begins with a very different atmosphere than Friday