Beware of robber banks (RB), bad advisors.
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CME Slams "Patently False" Vanity Fair Trump-Frontrunning-Trades Allegations
Writing in Vanity Fair earlier this week, former Goldman Sachs employee William Cohan penned an explosively titled article - “The Fantastically Profitable Mystery of the Trump Chaos Trades” - that raises the possibility traders were tipped off to what President Trump was about to tweet ahead of time and bought massive S&P 500 futures positions right before big market swings. The president’s talk can move markets - and it’s made some futures traders billions. Did they know what he was going to say before he said it? “There is definite hanky-panky going on, to the world’s financial markets’ ... (full story)
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