Hanky Panky?
Vanity Fair has an article about some stock market weirdness.
It appears that somebody has insider information with S&P e-minis, electronically trade futures contracts linked to the Standard & Poor’s 500 stock index. I’m gonna fess up that Momma left me some stock – just regular stock that has done nothing but drop since the day I got it. Other than just regular stock, I might as well be putting my money in a slot machine because I just don’t understand the stock market.
Traders in the Chicago pits have been watching these kinds of wagers with an increasing mixture of shock and awe since the start of the Trump presidency. They are used to rapid fluctuations in the S&P 500 index; volatility is common, of course. But the precision and timing of these trades, and the vast amount of money being made as a result of them, make the traders wonder if all this is on the level. Are the people behind these trades incredibly lucky, or do they have access to information that other people don’t have about, say, Trump’s or Beijing’s latest thinking on the trade war or any other of a number of ways that Trump is able to move the markets through his tweeting or slips of the tongue? Essentially, do they have inside information?
We’re not talking about people making pocket change. One particularly hinkey looking trade netted a potential profit of $1.5 billion. The others are millions. Honey, those trades are standing out like black roots on bleach blonde hair.
Trump is the swamp.