A lot of us have speculated that somehow, someone(s), somewhere is making money off of Prznint Stupid’s incoherent Trade Wars and other shitshows. This piece in Vanity Fair puts the pieces of the puzzle together, though (Spoiler Alert!) no one knows who is making the money because…
There is no way for another trader, let alone an outsider such as me, to know who is making these trades. But regulators know or can find out. One longtime CME trader who has been watching with disgust says he’s never seen anything quite like these trades, not at least since al-Qaida cashed in before initiating the September 11 attacks. “There is definite hanky-panky going on, to the world’s financial markets’ detriment,” he says. “This is abysmal.”
Anyway, William Cohen lays it out very neatly and literally some of these suspicious trades have resulted in $1B+ Amero profits:
“… On Thursday, June 27, the S&P 500 index stood at about 2915; a week or so later, it was just below 3000, a gain of 84 points, or $4,200 per e-mini contract. Whoever bought the 420,000 e-minis on June 28 had made a handsome profit of nearly $1.8 billion.”
I don’t especially understand what these “e-minis” are, but it doesn’t matter much. They are bought just moments before the markets close and then almost immediately Trump does something to move the markets and the next day, BOOM! a fortune is made.
It’s a great read, it poses more questions than it answers, but damn! Someone with some clout needs to investigate this.