Mysterious traders may have made $3.5 billion

[ExpandMyMind]

Quote

According to the magazine, some traders were suspiciously well-positioned ahead of huge swings in the trade war, either by buying or selling hundreds of thousands of electronically traded futures contracts, called "e-minis" on the S&P 500. 

The magazine noted that on September 10, a trader or group of traders bought 82,000 e-minis in the last 10 minutes of trading in New York. In Beijing, it was almost 4 am on September 11 when this happened. A few hours later, the Chinese government announced it would lift tariffs on a range of American products. Markets surged, and the buyer who bought the e-minis made $190 million, Vanity Fair found

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Vanity Fair then notes that June 28, in the last 10 minutes of trading someone bought 420,000 e-minis, which came to about 40% of the day's trade of e-minis — which already stood out. 

Trump was in Osaka, meeting with China's President Xi Jinping. He emerged an hour after saying that trade war talks were "back on track." That week, the stock market surged, and whoever made that bet had a profit of $1.8 billion, Vanity Fair calculated.

On August 23, a Friday, markets were looking glum in the wake of poor trade war news. But the following week, Trump lied saying that trade war talks were going well after a phone call with China. The Chinese said no call happened. Nevertheless, the S&P bounced 80 points and a person who had bought 386,000 e-minis the week before made $1.5 billion, Vanity Fair found.

https://markets.businessinsider.com/news/stocks/traders-made-billions-off-trump-trade-war-tweets-vanity-fair-reports-2019-10-1028610136

Remember those Trump tax returns that were released showing evidence of him manipulating the market? 

 

 

[Gromdor]

Could just be people at Mar De Lago listening to his latest antics before he does it and investing accordingly.  Not sure if that counts as insider trading.  Especially with how erratic he is.

[Farmer77]

5 hours ago, Gromdor said:

Could just be people at Mar De Lago listening to his latest antics before he does it and investing accordingly.  Not sure if that counts as insider trading.  Especially with how erratic he is.

The dems asking for the investigation basically say as much in their request but they (and I ) still think its worth looking into