Summary

Donald Trump is facing insider trading accusations after urging followers to buy stocks hours before pausing global tariffs—sending markets soaring.

His Truth Social post, signed “DJT” (also the ticker for his media company), preceded a surprise 90-day tariff pause on all countries except China.

The S&P 500 jumped 9%, Nasdaq 12%, and Trump Media stock surged 22%.

Lawmakers including Sen. Adam Schiff and Rep. Alexandria Ocasio-Cortez are demanding investigations and disclosures, calling the timing suspicious. Critics say the sudden policy reversal created a profit window for insiders with prior knowledge.

    • supersquirrel@sopuli.xyz
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      3 days ago

      Schumer said the best way to fight was to invest in the stock market patriotically! What an inspiring hero!

      • WhatAmLemmy@lemmy.world
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        3 days ago

        He’s in on it too, I guarantee it. I wouldn’t be surprised if a majority of Dems are. It explains everything.

        4 years of pumping and dumping 10% gainz every 2-3 weeks would easily turn 1K into 100+K. Most of them are starting with millions.

        Fun fact! You do it with 1M 25x, you now have 10.8M. You do it 50x and you exceed 100M. You manage to do it 100x total, you’ve turned 1 million into 1.378 billion. If this shit continues it’ll be the greatest heist in history.

        1*1.1^25 = 10.8

        1*1.1^50 = 117

        1*1.1^100 = 1378

        • Serinus@lemmy.world
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          3 days ago

          Yes, everything bad that happens is really caused by the Dems.

          Our best option is clearly to not vote. You’ve convinced me.

    • littlewonder@lemmy.world
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      3 days ago

      They wouldn’t regardless. The congressional GOP has his spray-tan dick so far down their throats, they’d rather choke to death than admit the emperor has no clothes.

      If we ever had hard proof of insider knowledge, my money is on SCOTUS. Both because it’s easier to buy a branch of government by colluding with five useful idiots, and because there’s a GOAT on the SCOTUS staff who leaks their bullshit to the public.

    • tetris11@lemmy.ml
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      3 days ago

      (sorry, not into stocks, but do want to understand)

      • Blue bars is the number of stocks sold?
      • The lines are the value of various different stocks?
      • player2@lemmy.dbzer0.com
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        3 days ago

        The blue bars at the bottom are the volume of trades and the lines at the top are the average price per share. You can see that right before the price shot up there was a sharp increase in volume indicating that a group of people knew and bought large quantities before the rest of the world knew.

          • player2@lemmy.dbzer0.com
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            3 days ago

            9:30am He posted, “Be cool! Everything is going to work out well.”.
            9:37am He posted, “Now is a great time to buy!”.
            1:02pm Insiders suddenly invest billions of dollars into US stocks.
            1:15pm He announced the updated tariff plan.

            It seems likely that there was some group chat giving more details about the plan before the official announcement. Today he bragged that some businessmen he knows made $900 million yesterday.

            • Kecessa@sh.itjust.works
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              2 days ago

              Ok so the message on Truth came a few hours before, I guess they’ll use that as a defense if anything ever happens…

    • ayyy@sh.itjust.works
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      2 days ago

      Uncredited and unlabeled graphs are sad graphs. They have frowney faces like this :(

  • TomMasz@lemmy.world
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    3 days ago

    SCOTUS says anything he does as an “official act” is legal, ergo this is not a crime.

  • melsaskca
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    3 days ago

    Everyone knows this brazen manipulation is going on but nobody can prove it. Stock Market is old and shaky, we need a newer system.

    Now that “free stock trading” is being offered to the masses you know the rich don’t care about it anymore.

    • JustEnoughDucks@feddit.nl
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      2 days ago

      That’s because the rich are all buying up land, water, and resources to hoard for the climate and political disasters they created.

      That is why every new money tech bro has been caught building massive survival bunker complexes and shit and something like 10-40% of land in the US (depending on state) is owned by corporations and billionaires.

  • awesomesauce309@midwest.social
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    3 days ago

    So he crashed the economy, ignores calls from other countries, goes out on the golf course with no mics, tells his friends something like “only I know the truth”, publicly posts the time to buy on a site only his most loyal sycophants are on, then when his friends buy, they’ve got plausible deniability as they were just going with the public. Why set all that up if he’s got the SEC on a leash anyways?

  • ClassStruggle@lemmy.ml
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    3 days ago

    NOW they are concerned about insider trading? These concerns will fade away once their team is back in power