Can a president promote his own personal stock just before making an announcement that moves indices at historic %? Is that even legal?
Absolutely! Corruption and manipulation are the new righteousness. I think getting rid of the SEC and all agencies of law enforcement of white collar criminals will bring a golden age. “Before the creation of the Securities and Exchange Commission (SEC) in 1934, widespread corruption and market manipulation were prevalent, contributing to the Stock Market Crash of 1929.Insider trading, where corporate insiders used non-public information for personal gain, was widely practiced and often seen as a perk of power, according to Investopedia. Stock price manipulation, where individuals or groups artificially inflated or deflated stock prices, was also common. The lack of regulation and enforcement led to a "buyer beware" mentality, where investors were largely unprotected from deceptive practices.” Google AI
bought some svix yesterday and luck to exit at a small intraday profit before the run up, now it is even below yesterday's price, interesting... edit: long svix
Trump had his DOJ no longer investigating Crypto fraud now that him & his family are knee deep in it. This is what authoritarians do, they normalize corruption.
circuit breaker talk on bloomberg today, wow, likely https://www.bloomberg.com/news/live...rump-s-tariff-reprieve?srnd=homepage-americas The S&P 500’s drop just extended to an intraday low of 5%, which makes now a good time to review circuit-breaker rules. The first level is a decline of 7%. If the S&P 500 index hits it, trading will be paused for 15 minutes. The next levels that would trigger market-wide halts to trading are 13% and 20%. The last time that a circuit breaker was tripped was 2020.