This is pure manipulation. It was engineered to just that from the start. Since it's America, no investigation will be done to look into who profited here - possibly billions off regular people who had margin calls. 3rd world country.
> possibly billions off regular people who had margin calls.
Regular people have no business gambling with levered bets on publicly traded equities. Those losses are their own fault, and they should sell gambling treatment.
12:18PM "I have authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately. Thank you for your attention to this matter!"
Assuming this was planned so insiders can buy the dip (and let's be honest, he's not clever enough for this, but any crypto bro is), his announcement serves the insiders perfectly as plausible deniability.
What's even wilder is this random Twitter account that 'leaked' the 90 days pause two days ago, got picked up by the news as truth, caused the market to recover by trillions of dollars temporarily... and now this...
There were people buying 18,000 SPY 510 calls at noon due to expire yesterday at 4pm. That is an absolutely insane thing to do unless you had very sure insider information of an incoming spike
My take is that’s probably for plausible deniability. “The prophet told all true believers, how could there have been insider trading.” The volume on the markets picked up twenty minutes before not hours.
Indeed, the 90 days delay leaked in the morning before being denied and at the end of the day there was the official announcement. So some people new before the official announcement and shared the information.
