Trump Tough on China- SP Dumps and Pumps
Trump removes U.S. from WHO
With Trump late for the presser, some 45 minutes or so, he then comes out with some very harsh rhetoric toward China and announced the removal of the U.S. from the World Health Organization.
Trump says:
"Because they have failed to make the requested and greatly needed reforms, we will be today be terminating our relationship with the World Health Organization and redirecting those funds to other worldwide and deserving urgent global public health needs"
"The world is now suffering as a result of the misfeasance of the Chinese government"
With all this check out this SP500 June Futures chart, you have to have some decent balance sheet and bullets to pull off moves like this:
Trump continued on stating he is instructing the Presidents Working Group, (PWG) or what all of us that have been in the industry better know this group by their real acronym, that is the “PPT” or Plunge Protection Team. For year’s all of us floor traders knew when this group came in, especially during the Greenspan era. CNBC and Steve Liesman denied for years of market intervention, but let’s be honest, we all knew what was going on. Anyway here is a tweet we put out:
Day is almost done and May trading coming to a close, be on the look out for our end of month markets comment and settles to see who the big winners and losers were.
-Magnelibra Econemotions
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