For more, let's bring in Julian Emanuel. He's Evercore ISI's senior managing director. You sure have a rosecolored glasses on today for a market that's selling off pretty sharply.Why do you think all of this is just a negotiation tactic. uh to us and it makes sense again is that China had to build its sort of internal let's say fortitude knowing that there's a likelihood of this meeting um that that is due to take place at the end of the month uh in Asia and of course you know the President Trump President ...

Financial Sector Overview - Financials have gained over 7% in the past three months, driven by the Fed's rate cut and expectations of more cuts to come [1][2] - The current environment is favorable for banks, with a healthy spread between short-term deposits and lending at 6%, indicating a positive outlook for the yield curve [3] Bank Performance and Strategy - Different banks have varying exposures, with larger banks like Bank of America focusing on consumer exposure and regional banks like First Citizens excelling in shareholder value creation [4][6] - First Citizens has bought back 11% of its shares over the past year and has a $4 billion buyback plan in place, indicating strong capital management [7] Capital Markets and M&A Activity - The capital markets environment is healthy, with firms like Goldman Sachs showing strong performance and a positive outlook for M&A activity [7] - The regulatory environment is easing, encouraging strategic sponsors to pursue deals, which bodes well for investment banking and capital markets [7] Consumer Credit and Economic Indicators - Current trends in consumer credit appear healthy, with positive data from American Express and Capital One, alongside strong retail sales figures [8][9] - While there are some pockets of stress, the overall consumer outlook remains optimistic, particularly among larger banks [9]