Are you sure about that? I suspect there's massive insider trading going on and incredible fortunes are being made. Imagine you could get Trump's tweets a day early...
Absolutely. Trump doesn't write his own tweets, any more than he wrote his own books. So there's plenty of opportunity to game the markets.
I trust in following in my T.A. on price action to capture some of these Tweet shock events. Today for example, the old bread & butter fade the gap fill did the job today. The Tweets seem to sharply amplify the underlying price action. the
That is impossible. President Trump doesn't know what he going to say till 15 minutes before he twitters.
This time, he did. It is evident in today's Twitter shitstorm. "As usual, the Fed did NOTHING! It is incredible that they can “speak” without knowing or asking what I am doing, which will be announced shortly." ..."I will be responding to China’s Tariffs this afternoon." And well, you know the rest from 6 PM ET today He knew exactly what he was doing today, he had it planned.
I found two responses in Trump's twits that encapsulates this problem, exactly. "...Seriously America! Someone stop him. I am not mad at China and he just needs to stop with the temper tantrum. Like it or not, they have mastered cheap stuff and I like to order it. Cut it out and calm down." "...Yes I know. I remember though thinking well if it only lasts however long I at least got to experience it. I’m just saying USA things are priced higher. Lower income shoppers don’t care about that though. If it’s affordable and looks decent great." These are the you and me of America, saying this stuff. And it dovetails right into what I have been saying. You try to force more expensive stuff down the consumers' throats, they will rebel.
Donnie "always double down on stupid" Trump https://www.marketwatch.com/story/trump-raises-china-tariffs-in-escalation-of-trade-war-2019-08-23 Trump raises China tariffs in escalation of trade war After China announced new levies on U.S. products earlier in the day, Trump tweeted that 25% tariffs on $250 billion in Chinese products would rise to 30% starting Oct. 1. Separately, the remaining $300 billion in imports will be tariffed at 15% instead of 10% on Sept. 1, the president said.