Who Moved $1.5B In Oil Futures On Info Only Trump Knew?
Here we go again with the insider trading and just open graft and corruption from this administration. Someone's getting filthy rich from TACO boy's announcement on Iran this week.
Treason in the Futures Markets:
Over the weekend Donald Trump threatened dire vengeance on Iran unless its government opened the Strait of Hormuz within 48 hours, a deadline that would expire Monday evening in Washington. Specifically, he announced that the U.S. would begin bombing power plants — plants that supply electricity to Iran’s civilian population — unless the Strait was cleared.
But at 7:05 AM Monday Trump called the whole thing off — for five days, he said, but many people are assuming that the threatened action, which would have been a massive war crime, is now off the table. [...]
The answer is, the person or people who bought large quantities of stock market futures and sold large quantities of oil futures around 15 minutes before Trump’s announcement.
As Krugman discussed, here's more on that from CNBC
S&P 500 futures and oil futures flashed an unusual burst of activity early Monday minutes before a market-moving social media post from President Donald Trump.