This morning, Trump posted on Truth Social that the US and Iran have had "very good and productive conversations," and suspended strikes on Iranian power plants for 5 days.
In 9 minutes, global markets surged nearly 4%.
$3.8 trillion in market value created in the time it takes to make a coffee. That's more than France's entire national debt.
Then Iran denied everything. "No direct or indirect contact has taken place with Washington." Tehran called Trump's announcement "psychological warfare" aimed at lowering energy prices.
Markets dropped sharply, though not all the way back down.
We're in the middle of a war, the Strait of Hormuz has been virtually shut for 3 weeks, oil is flirting with $100, and global markets just pivoted on a single all-caps post on a social media platform.
Reality keeps outdoing fiction.
$3.8 trillion in 9 minutes, on a single caps lock post
byu/NLegendOne ininvesting
Posted by NLegendOne
19 Comments
The market movement graph, that lasted 9 minutes : [https://ibb.co/LD1rs5bD](https://ibb.co/LD1rs5bD)
Trump’s post : [https://ibb.co/fGNGZDDb](https://ibb.co/fGNGZDDb)
Repost of a repost of a repost of posts on twitter
Just goes to show the market is absolute bullshit. Pure vibes.
That’s modern trading. Algos act quickly.
You’ve got to wonder how many people knew he was about to make that post…
We can see the charts. Thank you
The word of the day is “Manipulation”
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It is funny how business owners and those in finance roles will talk about how consistency, predictability, and a level playing field are the keys to long-term economic success, then push to elect the most unpredictable, self-serving, norm-defying president in the modern era, and cheer that he’s “business-friendly” as he plays favorites with the corporations who kowtow to him and help enable his executive power grabs.
Oil also died instantly on the news
All he’s doing is buying himself time he’s gonna have to taco somehow because this ain’t gonna work out for him not even his save act can save him from his own voters when their 401ks are gone gas is 10 dollars a gallon and groceries skyrocket even more than they already have
Some degens won, some degens lost, this is the essence of gambling.
He spelled ‘which’ incorrectly.
That actually bigs me more, in a way.
I’m sick to death of this stupid orange idiot
The market is bouncy.
It’s just straight up corruption.
DoJ will be right on this /s
This guy’s shtick is causing market volatility so his buddies can profit. Remember the cycle of trade war with China in his first term? Same shit different day.