This is absolutely insane:
At 7:04 AM ET today, President Trump said “the US and Iran have had productive discussions" to end the Iran War.
By 7:10 AM ET, the S&P 500 surged +240 points adding +$2 TRILLION in market cap.
27 minutes later, Iran completely denied all of President Trump's claims and said there has been "no contact" with the US.
By 8:00 AM ET. the S&P 500 had fallen -120 points erasing -$1 trillion in market cap.
That's a $3 TRILLION swing market cap in 56 minutes, just in the S&P 500.
a $3 TRILLION swing market cap in 56 minutes, just in the S&P 500.
byu/Next_Tower5452 instocks
Posted by Next_Tower5452
11 Comments
Now the sell off starts bc people don’t trust it ha
They are milking both ways.
Let the manipulation begins!
I love it when people use dollars or points to exaggerate .6% swings that happen all the time.
Some of you weren’t around in 2008 or 2020 and it shows.
99% of my equity money is held long-term (20+ years) in SPY, automatic dividend reinvestment, occasional top-ups when liquidity allows. I have a feeling we will look back on this in 20 years and it will just be a blip on our retina-enabled Bloomberg terminals.
If you bought, you were someone’s exit liquidity.
Stop looking at market cap and consider orders. If lots of sells come in then we limit down if lots of buys come in we limit up. You only need to push through the limit orders to “lose” or “gain” a ton of market cap.
For example, in an extreme example if no one is buying except one guy for $500, then sellers can only sell for $500 so the price comes down to $500. It doesn’t matter what it was selling for before. The price reflects the risk premiums of the evolving geopolitical conflict.
Look I’m just here to say how fucking clinically insane this is:
> a $3 TRILLION swing market cap in 56 minutes, just in the S&P 500.
> This is absolutely insane:
> At 7:04 AM ET today, President Trump said “the US and Iran have had productive discussions” to end the Iran War.
> By 7:10 AM ET, the S&P 500 surged +240 points adding +$2 TRILLION in market cap.
> 27 minutes later, Iran completely denied all of President Trump’s claims and said there has been “no contact” with the US.
The wealth of the entire world swinging wildly on the whims of a massively dishonest and inept dumb fuck.
The Trump $100 WTI put.
Maybe it’s a sign Trump seeks exit
Trump pump so his buddies can dump on retail bag holders before the next leg down