PiCK
Markets surge ahead of delayed Iran strike… questions raised over anomalous oil and S&P futures trades
Summary
- It said that in roughly two minutes immediately before Trump’s announcement delaying an attack on Iran, crude oil and S&P 500 futures trades totaling $760 million were heavily concentrated.
- It added that the trades occurred without any notable news or catalyst, and are seen as having served as a signal ahead of subsequent sharp market moves.
- It noted that similar trading patterns have recurred ahead of Trump’s major announcements in the past, fueling debate over the possibility of an internal information leak and information asymmetry.
Forecast Trend Report by Period
Suspicions of insider trading are mounting after large-scale futures transactions occurred just before remarks by U.S. President Donald Trump.
According to Walter Bloomberg on the 24th (local time), in roughly two minutes immediately before Trump’s Monday announcement delaying an attack on Iran, trading in crude oil and S&P 500 futures totaling $760 million was heavily concentrated.
The trades emerged without any notable news or catalyst and are seen as having served as a signal just before markets moved sharply following Trump’s announcement.
In particular, similar trading patterns have repeatedly appeared ahead of Trump’s major announcements in the past, prompting questions in the market about the possibility of an internal information leak.
The latest case is rekindling debate over the link between political events and financial markets, as well as information asymmetry.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
