To gain an edge, this is what you need to know now.
Trump The Maestro
Trump, the maestro, successfully ran up the stock market over 500 Dow points by apparently giving the wrong information and media proudly touting it.
Trump stated that Saudi and Russia had reached an agreement to cut oil production by 15 million barrels a day. This caused oil to spike up by over 30%. There is often a strong correlation between oil and stocks. As oil spiked, stocks followed.
Russia says there is no such agreement.
Saudi says that even 10 million barrel cut is an extreme exaggeration.
The same media that was highly touting what Trump said is mostly silent on denials from Russia and Saudi Arabia. Those investors who do not have great sources have continued to buy oil and stocks based on media touting oblivious to the denials by Saudi and Russia.
Smart Money And Momo Crowd
The momo crowd has been aggressively buying stocks since yesterday morning and extremely aggressively bought stocks on Trump's statement touted by the media. Smart money has been selling stocks on up spikes and slamming momo hard.
Trump The Maestro
Trump, the maestro, successfully ran up the stock market over 500 Dow points by apparently giving the wrong information and media proudly touting it.
Trump stated that Saudi and Russia had reached an agreement to cut oil production by 15 million barrels a day. This caused oil to spike up by over 30%. There is often a strong correlation between oil and stocks. As oil spiked, stocks followed.
Russia says there is no such agreement.
Saudi says that even 10 million barrel cut is an extreme exaggeration.
The same media that was highly touting what Trump said is mostly silent on denials from Russia and Saudi Arabia. Those investors who do not have great sources have continued to buy oil and stocks based on media touting oblivious to the denials by Saudi and Russia.
Smart Money And Momo Crowd
The momo crowd has been aggressively buying stocks since yesterday morning and extremely aggressively bought stocks on Trump's statement touted by the media. Smart money has been selling stocks on up spikes and slamming momo hard.