How do you earn $60,000,000 in just a few minutes...?
Apparently, if you are friends with Trump, it's no problem at all!
Note this:
Today, at 12:50 PM Israel time, while futures were red and down over one percent, someone executed a massive futures trade...
This trade was worth over $1 billion!
This is about 6 times an average trade outside trading hours (!)
This was such a large trade that it raised futures prices by 0.3% in less than a minute.
Exactly 14 minutes later, at 1:04 PM Israel time.
Trump tweeted that very good discussions were taking place with Iran and as a result, he was delaying the attack on Iranian energy facilities by five days.
In response to this announcement, the S&P 500 index added over $2 trillion in market cap within minutes, rising from minus one percent to plus 2.5%.
This unusual futures position increased by over $60 million within minutes!
Someone always knows...