It's why WTI crude never exceeds $100/barrel. Every time it gets that high the insider in the administration shorts it and the administration announces a new policy delaying more strikes.
sega_sai
At this point, I would rather these people enrich themselves as long as they stop the war, but I am afraid they will continue doing both.
Charlie Sykes, a founder of the Bulwark podcast, has a story about it here: https://charliesykes.substack.com/p/a-vivid-snapshot-of-trum... Some highlights include a $580 million dollar bet on oil futures 15 minutes before Trump made the announcement of talks with Iran, which the Iranian government denied actually happened. Naturally, political appointments at the SEC are preventing investigation.
hermitcrab
What a massive coincidence!
fraywing
I'm growing pessimistic that this kind of activity + the egregious presidential-level crypto scams will never see justice. What's the path for that, really?
heyitsmedotjayb
I'm not smart enough to understand why - but surely this isn't sustainable? At some point wont the price not reflect the reality of simply not having gas to put in your car? What is going on... The price of oil went down 10% yesterday, opened +0% today and is back to +4%...
atemerev
Well if Democrats ever win, there will be a lot of fine investigations for years ahead.
andix
People got exactly what they voted for. It would be hilarious, if it wasn't so serious.
jmyeet
It’s almost like turning the president into a monarch by baselessly granting total immunity was a bad idea, foreseeably so . This is the new normal. I want people to really think about what’s going on here. $1-2 billion of taxpayer money is being spent every day to literally kill people for stock and futures trades . And nobody will be punished for this. Anyone who gets a whiff of legal trouble will just buy a person. At some point this is going to destroy even the appearance of market integrity.
unyttigfjelltol
1. By a show of hands, who was surprised that the cataclysmic warnings of the weekend subsided into talk of diplomacy on Monday? 2. Let’s hypothesize the US gov’t or allies did pre-release this info to traders as a policy tool, inviting them to sell oil profitably, shaping the later price action . In a practical sense they may have brought more speculators to the short side than otherwise would have been there; is that scenario really beyond the pale? 3. News of war and sovereign relations on an international stage necessarily will test the boundaries of traditional law of confidentiality and fair practices.
josefritzishere
After a year of frequent insider pump and dump scams, is it too pessemistic to assume this is another one? I'm trying to find something hopeful.
renewiltord
As Nancy Pelosi says: "We’re a free market economy. They should be able to participate in that."
chasd00
Just so everyone is aware, Trump mentioned the deal in an interview before his post on TruthSocial. So if you're thinking all the trades that happened just before the TruthSocial post are insider trading maybe the traders where just watching the news. If i can find a link to the interview i'll come back and edit this post with a link and where it fits in the wsj timeline.
NegativeLatency
Martha Stewart was sent to prison for less
chunky1994
@dang, this has way more discussion than the previous threa,d but people can't see this because it's a dupe.
ting0
There's no mystery here. His son Oil Barron Trump has been doing the same thing, along with Trump, in the crypto markets and online prediction markets for years now. They've made over a billion easy.
dang
(I changed the URL from https://www.wsj.com/livecoverage/stock-market-today-dow-sp-5... because there doesn't appear to be any readable workaround for the latter)
krunck
> A [whitehouse] spokesman told the Financial Times that it did not "tolerate any administration official illegally profiteering off of insider knowledge". So the Trump administration is passing on information for others to profit from in exchange for something else. Totally legal. Right?
mikewarot
I'm not sure if this is parody or not, but someone admitted to it. These days it wouldn't surprise me if it were this brazen. https://x.com/gothburz/status/2036413487530831899
Related Discussions
Found 5 related stories in 71.0ms across 3,471 title embeddings via pgvector HNSW
Discussion Highlights (20 comments)
readitalready
It's why WTI crude never exceeds $100/barrel. Every time it gets that high the insider in the administration shorts it and the administration announces a new policy delaying more strikes.
sega_sai
At this point, I would rather these people enrich themselves as long as they stop the war, but I am afraid they will continue doing both.
ChrisArchitect
Earlier: https://news.ycombinator.com/item?id=47496508
loudmax
Charlie Sykes, a founder of the Bulwark podcast, has a story about it here: https://charliesykes.substack.com/p/a-vivid-snapshot-of-trum... Some highlights include a $580 million dollar bet on oil futures 15 minutes before Trump made the announcement of talks with Iran, which the Iranian government denied actually happened. Naturally, political appointments at the SEC are preventing investigation.
hermitcrab
What a massive coincidence!
fraywing
I'm growing pessimistic that this kind of activity + the egregious presidential-level crypto scams will never see justice. What's the path for that, really?
heyitsmedotjayb
I'm not smart enough to understand why - but surely this isn't sustainable? At some point wont the price not reflect the reality of simply not having gas to put in your car? What is going on... The price of oil went down 10% yesterday, opened +0% today and is back to +4%...
atemerev
Well if Democrats ever win, there will be a lot of fine investigations for years ahead.
andix
People got exactly what they voted for. It would be hilarious, if it wasn't so serious.
jmyeet
It’s almost like turning the president into a monarch by baselessly granting total immunity was a bad idea, foreseeably so . This is the new normal. I want people to really think about what’s going on here. $1-2 billion of taxpayer money is being spent every day to literally kill people for stock and futures trades . And nobody will be punished for this. Anyone who gets a whiff of legal trouble will just buy a person. At some point this is going to destroy even the appearance of market integrity.
unyttigfjelltol
1. By a show of hands, who was surprised that the cataclysmic warnings of the weekend subsided into talk of diplomacy on Monday? 2. Let’s hypothesize the US gov’t or allies did pre-release this info to traders as a policy tool, inviting them to sell oil profitably, shaping the later price action . In a practical sense they may have brought more speculators to the short side than otherwise would have been there; is that scenario really beyond the pale? 3. News of war and sovereign relations on an international stage necessarily will test the boundaries of traditional law of confidentiality and fair practices.
josefritzishere
After a year of frequent insider pump and dump scams, is it too pessemistic to assume this is another one? I'm trying to find something hopeful.
renewiltord
As Nancy Pelosi says: "We’re a free market economy. They should be able to participate in that."
chasd00
Just so everyone is aware, Trump mentioned the deal in an interview before his post on TruthSocial. So if you're thinking all the trades that happened just before the TruthSocial post are insider trading maybe the traders where just watching the news. If i can find a link to the interview i'll come back and edit this post with a link and where it fits in the wsj timeline.
NegativeLatency
Martha Stewart was sent to prison for less
chunky1994
@dang, this has way more discussion than the previous threa,d but people can't see this because it's a dupe.
ting0
There's no mystery here. His son Oil Barron Trump has been doing the same thing, along with Trump, in the crypto markets and online prediction markets for years now. They've made over a billion easy.
dang
(I changed the URL from https://www.wsj.com/livecoverage/stock-market-today-dow-sp-5... because there doesn't appear to be any readable workaround for the latter)
krunck
> A [whitehouse] spokesman told the Financial Times that it did not "tolerate any administration official illegally profiteering off of insider knowledge". So the Trump administration is passing on information for others to profit from in exchange for something else. Totally legal. Right?
mikewarot
I'm not sure if this is parody or not, but someone admitted to it. These days it wouldn't surprise me if it were this brazen. https://x.com/gothburz/status/2036413487530831899