Oil futures is a thing investors buy where you pay money now to have the right to buy oil at the current price later. If the price goes up, you can actually buy the oil and sell it at market value, making money. If the price drops, you only lose a little bit of money. In future trading, there is a huge advantage for being the first person to buy a future. No one is investing in oil right now becuase the blockade caused by the Iran war. Over the weekend, Trump tweeted that he was in negotiations with Iran to end the war, which would make oil futures profitable again. After his tweet, a ton of future sales happened really quickly. However, there was also a huge blip before his tweet. The only reason you would bother investing in oil futures before his tweet is if you knew he was about to tweet it. This is an illegal form of investing called insider trading, but it is something Trump has been suspected of doing several times since this term.
Comment on Precognition proven! Parapsychology vindicated!
Entertainmeonly@lemmy.blahaj.zone 2 months ago
Want to slap some context down?
ZoteTheMighty@lemmy.zip 2 months ago
General_Effort@lemmy.world 2 months ago
Since the (source) FT article is paywalled:
obinice@lemmy.world 2 months ago
Judging just from the image and title, I’m guessing they’re demonstrating this as evidence that there’s insider trading going on, as just prior to the US President making a huge announcement that rocked the economy, a sudden unusual spike in activity was recorded.
This does not seem likely to be unrelated, given what this graph shows as normal activity.
The author suggests humourously that this is evidence of precognition - of being able to predict future events using magic.
AbsolutelyNotAVelociraptor@piefed.social 2 months ago
At this point, I’d call unusual the lack of spikes like this in activity.
What we see here is pretty much the usual with this cunt.