Let me tell you today's trading session was wild. Markets have been volatile with Trump tariffs. However, today we may have see one of the largest stock manipulations which will never be investigated...
Take a look at the graph above and pay special attention to 10am. Here's a breakdown of what happened.
- At 10:10 AM ET, rumors emerged that the White House was considering a "90-day tariff pause."
- At 10:15 AM ET, CNBC reported that Trump is considering a 90-day pause on tariffs for ALL countries except for China.
- By 10:18 AM ET, the S&P 500 had added over +$3 TRILLION in market cap from its low.
- At 10:25 AM ET, reports emerged that the White House was "unaware" of Trump considering a 90-day pause.
- At 10:26 AM ET, CNBC reports that the 90-day tariff pause headlines were incorrect.
- At 10:34 AM ET, the White House officially called the tariff pause headlines "fake news."
- By 10:40 AM ET, the S&P 500 erased $2.5 TRILLION of market cap from its high, 22 minutes prior.
You are reading that correctly trillions of dollars were made and erased in mins. That's the creation of an Apple or Tesla for less then a half hour to only see it wiped away off of 'Fake News'. Never would I thought Trump would actually have to fact check a news organization. Not only that, but Trump dug in his heels on tariffs, warning he could further increase levies on China. This roller coaster is far from over...