FINALLY! I'm coming guys the other side ASIA TOUR 2023 ☑️ NOV 4 TAIWAN ☑️ NOV 11 MACAO More cities to be announced soon. #MarkTuan## #Mark## #마크## #段宜恩## #theothersideAsiaTour##

Some new cities for the Asia leg of the tour!! the other side ASIA TOUR 2023-24 🔜 NOV 4 TAIWAN 🔜 NOV 11 MACAO 🆕 JAN 6 KUALA LUMPUR 🆕 JAN 14 MANILA 🆕 JAN 20 BANGKOK 🆕 JAN 27 SEOUL #MarkTuan# #Mark# #마크# #段宜恩# #theothersideAsiaTour#

Here is a quick breakdown of some of Rex Shares' Covered Call Income ETFs: $FEPI - FEPI owns the 15 biggest U.S. tech stocks and writes covered calls on each one to generate weekly income — big tech exposure with a 25%+ distribution rate. Inception Date: October 11, 2023 Expense Ratio: 0.65% AUM: $673M Distribution Rate: 25.21% Distribution Frequency: Monthly Distribution Per Share (Last): $0.9044 Top 10 Holdings: Intel $INTC 9.82% AMD $AMD 9.46% Micron $MU 9.16% Alphabet $GOOGL 7.51% Oracle $ORCL 6.82% Nvidia $NVDA 6.76% Amazon $AMZN 6.64% Tesla $TSLA 6.63% Broadcom $AVGO 6.54% Apple $AAPL 6.53% $AIPI - AIPI owns the top AI stocks and writes covered calls on each one to generate monthly income — pure AI exposure with a 34%+ distribution rate. Inception Date: June 4, 2024 Expense Ratio: 0.65% AUM: $393M Distribution Rate: 34.84% Distribution Frequency: Monthly Distribution Per Share (Last): $1.0518 Top 10 Holdings: Crowdstrike $CRWD 10.58% Nvidia $NVDA 10.08% Palantir $PLTR 7.80% Astera Labs $ALAB 7.33% Datadog $DDOG 6.53% Intel $INTC 5.52% AMD $AMD 4.76% Micron $MU 4.48% IonQ $IONQ 4.13% Qualcomm $QCOM 4.05% $CEPI - CEPI owns the top crypto-related stocks and writes covered calls on each one to generate monthly income — crypto equity exposure with a 42%+ distribution rate. Inception Date: December 4, 2024 Expense Ratio: 0.85% AUM: $100M Distribution Rate: 42.00% Distribution Frequency: Monthly Distribution Per Share (Last): $1.1707 Top 10 Holdings: AMD $AMD 7.30% Micron $MU 6.86% Applied Digital $APLD 6.57% IREN Ltd $IREN 6.35% MicroStrategy $MSTR 5.83% Marathon Digital $MARA 5.66% Riot Platforms $RIOT 4.84% Taiwan Semiconductor $TSM 4.75% Nvidia $NVDA 4.63% Cipher Mining $CIFR 4.48% Disclsoure: Rex Shares is a partner of WOLF Financial. This is only for informational purpoases, make sure to dig in for yourself and do your own research

The most important data point in AI just dropped and it changes the entire conversation about where we are in this cycle (Save this). Jensen Huang took the stage at NVIDIA GTC Taipei 2026 and highlighted how GitHub commits, a universal measure of global software output, climbed from 300 million in 2023 to 400 million in 2024 and 500 million in 2025. In the first few months of 2026 alone, that number has nearly tripled and Jensen's conclusion was that "Agentic AI has arrived, useful AI has arrived." Then he did the math and the numbers are staggering. 30 to 40 million professional software developers represent approximately $3 trillion worth of GDP that is their combined annual salary, generating economic output across $100 trillion worth of global industry. That same $3 trillion in developer salaries is now producing nearly three times as much output. "It's effectively $9 trillion of productivity from $3 trillion of salaries. The difference is absolutely extraordinary. This is the potential. This is the promise of AI." People talk about AI killing jobs but Jensen called it complete nonsense. His logic is that if you can hire a software engineer and generate $9 trillion worth of productive work, why would you hire fewer engineers? The answer is you hire more and the data confirms it, with a new developer joining GitHub every single second as of early 2026. GitHub COO separately disclosed that 2026 commits are on pace for 13–14 billion, a 1,300% increase from 2025 with GitHub Actions compute minutes already at 2.1 billion per week, more than double the 2025 baseline. But Jensen did not stop at the productivity argument. He connected it directly to token economics, the investment thesis that matters most for everyone in this room. "Tokens are now profitable units of revenue. Because it is now profitable, AI companies want to build more tokens, generate more tokens, build more AI factories which is the reason why compute demand here in Taiwan has skyrocketed." Every agent, every automated code commit, every workflow that runs without a human prompt consumes tokens. Taiwan's own government just upgraded its GDP growth forecast to 9.64% for 2026, a 16-year high driven entirely by AI infrastructure exports. This is exactly why Milk Road has been so convicted on the AI infrastructure buildout because the productivity data is now arriving in real time at a scale that nobody modeled.

Today’s #China# news had many layers. @realDonaldTrump in Beijing; Xi hosting a high-stakes summit; @elonmusk making faces... But for me, there was another very human moment. I spotted a familiar face on TV: Cheng Lei. We used to do TV crossovers back in the CCTV days, when I was at @Reuters which had a partnership with CCTV for financial news. (That kind of partnership is almost unimaginable today.) And Cheng Lei was one of the most recognizable English-language business anchors in China. Sharp, professional, fluent across cultures. A face of China’s opening to the world. Then one day - she was arrested as a spy! In 2020, Cheng Lei was detained in China. She was accused of supplying state secrets overseas and spent more than three years in custody before being released in 2023. By her own account, the ordeal was not only legal or political. It was deeply human: isolation, uncertainty, separation from her children, and the mental pressure of being caught inside something much larger than herself. She lost 1,154 days. And today, there she was again — on Australian television, analyzing Trump’s China visit. That image gave me déjà vu — and goosebumps. Because U.S.-China relations are not only about tariffs, semiconductors, Taiwan, AI, supply chains, or state banquets. They are also about people. Journalists. Translators. Entrepreneurs. Students. Families. Immigrants. People who once believed they could move between worlds, explain one side to the other, and build bridges through language, trust, and shared curiosity. Some of those bridges are now broken. Some became dangerous and some people paid a very real price. Cheng Lei’s story is a reminder of how quickly the world can change — and how personal geopolitics can become. The silver lining is - after years of silence, she can return to the screen with her own voice. That is resilience. Watching her today, I felt both a sense of sadness and admiration. Sadness for the world we lost. Admiration for a woman who survived, came home, rebuilt her life, and returned to journalism on her own terms. In the middle of another Trump-Xi summit, maybe this is the angle worth remembering: Great power politics is never abstract. Behind every diplomatic reset, every strategic rivalry, every headline about “China” and “America,” there are human lives being reshaped. And sometimes, the most powerful story is not only the leaders on the stage. It is the familiar face who made it back to the screen. 🫶

I am the Director of Summit Outcomes for the Presidential Advance Team. My job is to land in a foreign capital and leave with a word the President can say on the tarmac. We landed in Beijing 6 days after rolling back the tariffs we spent 4 years imposing. 145% to 30%. The average rate before the trade war was approximately 3%. In Geneva, we called this "creating the conditions for productive dialogue." The conditions were that we had already conceded. I want to be clear: Beijing was a success. We went in with 7 objectives. We left with 3 photo categories, a tentative agreement China has not confirmed, and a bag of burner phones we threw off Air Force One on the tarmac. Diplomacy. My team prepared the deliverables matrix in March. 241 line items organized by urgency, feasibility, and what we call "headline potential." The President reviewed it for 4 minutes. He circled "big deal" and "historic" and wrote "MORE" next to the Boeing section. That became the strategy. Boeing was the centerpiece. 500 aircraft was the White House number we briefed to reporters before departure. 300 was the floor. The Chinese offered 200. Their commerce ministry released the number before we could brief the press. Boeing stock dropped 4.73% that afternoon. Boeing referred questions about the order to the White House. The company receiving the aircraft could not confirm it was receiving aircraft. We called it "fantastic." In Washington, "fantastic" means the other side named the number and the market already priced in your failure. I should note: in 2017, the President announced $250 billion in deals during his first China trip. 300 aircraft. An $84 billion shale gas investment in West Virginia from China Energy Investment Corporation. I can tell you the exact amount of that investment that materialized. Zero. The shale facility was never built. The 2017 Boeing order was renegotiated twice and partially canceled during the trade war the President started 8 months later. There is a binder in my office labeled "2017 OUTCOMES: DO NOT REFERENCE." It is 3 inches thick. It has not been opened in 4 years. We do not reference it because the outcomes are the reference. The agricultural package was what we call a "scaffolding commitment." Billions in purchases over 3 years, structured so the announcement is front-loaded and the verification is someone else's administration. U.S. Trade Representative Greer said "double-digit billions." Beijing's Commerce Ministry issued a statement about "deepening cooperation in agricultural trade." Those are not the same sentence. By design. My deputy maintains a glossary of every term we have invented for agreements that are not agreements. It is 41 pages. He updates it after each summit. Last quarter he added "scaffolding commitment," "streamlined licensing framework," and "mutual recognition of shared concerns." He is in line for a promotion. NVIDIA was the quiet win. H200 chips approved for approximately 10 Chinese companies. We don't say "approved." We say "under a streamlined licensing framework." The chips ship. The export controls remain "in effect." The framework is the loophole wearing a lanyard. The controls exist because these chips in Chinese hands threaten American national security. The chips are shipping to Chinese hands. The controls remain in effect. Both of these are true. Fentanyl was discussed for 9 minutes. Both sides agreed it was a problem. Both sides agreed to continue discussing it. We added it to the deliverables matrix under "ongoing mutual engagement." The previous version of the matrix also listed it under "ongoing mutual engagement." That was in 2023. I copied the line item from the 2023 matrix into the 2026 version. Changed the date. The language was identical. But Taiwan. Taiwan was the deliverable we didn't put on the matrix. I watched the Taiwan exchange from the overflow room on a 12-second delay. I had the contingency statement drafted in 3 versions: "productive exchange," "frank discussion," and "both sides reaffirmed their respective positions." I used none of them. There was no contingency for silence. Chairman Xi released his remarks before the meeting was over. While the President was still seated across the table, Chinese state media published the transcript. "Clashes and even conflicts." His bluntest language on Taiwan in the history of the relationship, released to 1.4 billion people while we were still pouring tea. We called this "sequencing." The President was asked whether he would defend Taiwan if China attacked. He chose not to answer. We wrote that down as "a strong listen." The $14 billion arms sale. Already approved by Congress. The largest in the history of the Taiwan Relations Act. Taiwan's parliament spent months appropriating the $25 billion to proceed with this package and the $11 billion tranche approved last year. They finally secured the funding this month. The President told Fox News it was "a very good negotiating chip." He used the word "chip." Referring to the defense of 24 million people. Taiwan's Ministry of National Defense sent our office a letter requesting clarity on the delivery timeline. 3 pages. It referenced specific weapons systems by name: F-16V Block 70 fighters, HIMARS launchers, Harpoon coastal defense missiles. The letter was addressed to me. I filed it under "pending." On Air Force One, a reporter asked about the 1982 Six Assurances, the framework in which the United States committed not to consult with Beijing before selling arms to Taiwan. The President said: "What am I going to do, say I don't want to talk to you about it because I have an agreement wrote in 1982? No, we discussed arms sales." 44 years of bipartisan Taiwan policy, dismissed in 2 sentences at 38,000 feet. We are calling this "a modernized approach to alliance management." Our readout mentioned trade, agriculture, energy, and regional stability. It did not mention Taiwan. I wrote it. Their readout opened with Taiwan. I have staffed 7 summits across 2 administrations. This is the first where I could not draft a single deliverable as a success without a qualifier. In my office there is a laminated card that lists every synonym for "undecided" that polls above 40% approval. "Active review" is 3rd. "Determination" is 7th. Both tested well with independents in the Midwest. He also said: "Taiwan would be very smart to cool it a little bit. China would be very smart to cool it a little bit." He was eating a cheeseburger. He said this while eating a cheeseburger. Secretary Rubio told NBC that Taiwan arms sales "did not feature prominently." This is accurate in the same way that the iceberg did not feature prominently in the Titanic's itinerary. Representative McCaul, Republican of Texas, former chairman of the House Foreign Affairs Committee, said the United States must "arm Taiwan so they can defend themselves." He said Xi was "very aggressive" regarding Taiwan during the summit and that "most of what Xi talked about was Taiwan." Representative Meeks, Democrat of New York, ranking member of the same committee, said Xi has "leverage over the president" but not "over the United States Congress and the American people." He noted that Congress already approved the package. "The president is the one that's holding it up." Representative Fitzpatrick, Republican of Pennsylvania, compared Taiwan to Ukraine. He called both "fortresses of democracy on the front lines." Speaker Johnson said Taiwan needs to "stay independent and secure." The bipartisan consensus was that something had gone wrong. The bipartisan action was press quotes. No vote. No resolution. No hearing scheduled. 4 members of Congress from both parties said the right words to reporters and then went to lunch. That's how the system processes alarm. I monitor 14 accounts we classify as "aligned messaging amplifiers." Within 4 hours of the Taiwan exchange, 9 went silent. 2 pivoted to fentanyl. 1 posted 3 words: "Not like this." It received 280,000 impressions in 90 minutes. He deleted it and posted about the border instead. The President patted Chairman Xi on the back 7 times during the Zhongnanhai garden walk. We counted. He called him "my friend" in 4 languages, 2 of which he does not speak. He asked if other world leaders had been invited to the compound. They had. Putin was there last year. The President asked if his tour was longer. 15 CEOs flew with us to Beijing. Their combined net worth approaches $1 trillion. Cook. Musk. Jensen Huang. Larry Fink from BlackRock. Jane Fraser from Citigroup. David Solomon from Goldman Sachs. Stephen Schwarzman from Blackstone. Kelly Ortberg from Boeing. The CEO of Visa. The CEO of Mastercard. The CEO of Qualcomm. Illumina. Micron. Cargill. GE Aerospace. Musk and Huang rode on Air Force One. The others flew commercial. Tesla's Shanghai factory produces approximately half of the company's vehicles worldwide. Musk's presence on Air Force One was noted by my counterintelligence liaison. No further action was taken. We organized the state banquet seating chart by net worth. I am told this was the President's suggestion. They came for market access. Xi told them China would "open further to American business." That was the deliverable. Those 5 words. No specifics. No timeline. No sectors named. 15 chief executives flew to Beijing and received a sentence. Chairman Xi has delivered this sentence at every summit I have staffed. It has not once been followed by a named sector, a timeline, or a specific commitment. It is received as news each time. 43 lobby badges in a Ziploc bag. That's what my team collected from the CEOs after the garden tour. Standard protocol. The badges were embossed with the Great Hall of the People seal. Several executives asked if they could keep them. We said no. One asked twice. 15 executives with combined access to American financial, defense, and technology infrastructure had spent 3 hours inside the Great Hall of the People. We secured the lobby badges. The S&P 500 futures dropped 1% on the morning after the summit. The KOSPI fell 6.12%. China's CSI 300 fell 1.12%. UBS told clients that "much increasingly scarce jet fuel has been burned to produce nothing of real substance." Fortune's headline was "Wall Street sees nothing of real substance." The markets liked the anticipation. The markets did not like the deliverables matrix. Iran was the item we listed as "mutual recognition of shared concerns." The President told reporters they "feel very similar." Xi sat in silence. China's Foreign Ministry did not comment on any commitment regarding the Strait of Hormuz. The President then told reporters the United States "doesn't need the Strait of Hormuz open at all." Oil hit $109 per barrel. Deutsche Bank flagged it as a market-killing statement within the hour. The President described Iran as "a little bit crazy." This was during a toast. Over Peking duck. Rare earths. I prepared a 40-page brief on critical mineral dependency. Supply chain maps for 14 minerals. $1.2 trillion in dependent U.S. industries. Roughly 4% of GDP. The President circled the GDP figure and wrote "big." In the meeting, he asked Chairman Xi if rare earths were "the things in magnets." They are. They are also in every F-35, every Patriot missile battery, and every MRI machine in the country. The discussion lasted 11 minutes. 3 of them were about magnets. No agreement on export licenses. China exposed our dependency last year and has not let us forget it. The Supreme Court struck down our tariffs separately, which was helpful context for the discussions. Fentanyl received 9 minutes. Magnets received 3. We are calling the rare earth outcome "a foundation for continued engagement." There is a poster in the Advance Team office that says "A foundation is not a building." It has been there since my first summit. No one has removed it. On the flight home, my team collected every item the Chinese government had distributed. The credentials. The pins. The keepsakes. The rose seeds Chairman Xi offered for the White House Rose Garden. Standard counterintelligence protocol. All of it went into a bag and off the plane before wheels-up. We threw away the roses. We kept the talking points. The Boeing order grew on the flight home. 500 before departure. 200 in Beijing. 750 somewhere over the Pacific. Boeing had not confirmed 200. The President told reporters on Air Force One it was "a pretty historic couple days." I wrote the line that preceded it: "Tonal reset with significant forward momentum." He used "fantastic" instead. In previous administrations, a tonal reset preceded the deliverables. In this administration, the tonal reset is the deliverable. He has used "fantastic" for every summit since 2017. I have not checked whether the word still polls well. I am told it does. Beijing has not confirmed any of the agreements announced by U.S. officials. This is consistent with the 2017 visit, where $250 billion in deals were announced and an estimated $10 billion materialized. It is consistent with the October summit, where pledges were also made and also not fulfilled. We have a term for this in the Advance Team. We call it "precedent." I have already labeled the binder for 2026. We go back in September. Same matrix. New line items. The verification will be someone else's administration. The President has already asked for the word "monumental." I am told it polls well.