Donnie-boy's insider-trading buddies making billions

[yankeedoodle]

Vanity Fair reported on Wednesday that before crucial points in the trade war, investors bought or sold thousands of electronically traded futures contracts, known as e-minis, on the S&P 500.

In one case, Vanity Fair said, a trader or group of traders made about $1.8 billion after buying 420,000 e-minis just before President Donald Trump said that talks with China were "back on track."

Those isolated trades have totaled about $3.5 billion, according to Vanity Fair.

"There is definite hanky-panky going on," a source described as a longtime Chicago Mercantile Exchange trader told Vanity Fair.

A Bloomberg article citing analysts poked holes in some of the Vanity Fair article's assertions.

Read the details and connect to the links here:
Mysterious traders may have made $3.5 billion off stock bets timed to Trump's trade-war comments, Vanity Fair finds
https://markets.businessinsider.com/news/stocks/traders-made-billions-off-trump-trade-war-tweets-vanity-fair-reports-2019-10-1028610136