Would this be market manipulation or something else? From @realDonaldTrump|11 hr ago|44 comments tweetat9:06am:The Wall Street Journal story on the China Deal is completely wrong, especially their statement on Tariffs .FakeNews.They should find a better leaker! The market dives big time! about An hour later he tweets this: From @realDonaldTrump|10 hr ago|21 comments tweet at 10:25am: We have agreed to a very large Phase One Deal with China. They have agreed to many structural changes and massive purchases of Agricultural Product, Energy, and Manufactured Goods, plus much more. The 25% Tariffs will remain as is, with 7 1/2% put on much of the remainder.... tweet at 10:25am: .....The Penalty Tariffs set for December 15th will not be charged because of the fact that we made the deal. We will begin negotiations on the Phase Two Deal immediately, rather than waiting until after the 2020 Election. This is an amazing deal for all. Thank you!
It doesn't matter whether we might think it is or not...It could never be proven in a court of law. It's just all algo-driven nonsense.
Just move this over to the Politics forum because Why would any trader whine about market volatility?
Admittedly, despite chop being profitable, it is quite difficult to account for the magnitude of chop when a tweet sends it wildly in one direction or another. Especially when majority of the chop is coming from an army of robots monitoring Trump's twitter. Can't do anything about it. This is the new market. I'd imagine a lot of people trying to trade the chop in ES with those dirt cheap day trade margins are getting beaten up pretty bad.
If one trades longer term, the market seems to know the news before the news even know about it. I'm bracing for bad news not far ahead.