According to The Kobeissi Letter, the muted market response to the announcement of scheduled US-China trade talks indicates that traders have already priced in much of the expected impact on global markets. This suggests limited immediate volatility for both equities and major cryptocurrencies like Bitcoin and Ethereum, as market participants may be awaiting concrete outcomes before shifting positions. The current sentiment points toward a wait-and-see approach, reducing the likelihood of sudden price swings in the short term (source: The Kobeissi Letter Twitter, May 7, 2025).