"Throughout U.S. President Donald Trump's second term in office, traders have been betting millions of dollars just before he makes major announcements. The BBC has examined trade volume data on several financial markets and matched them to some of the president's most significant market-moving statements."
"Market data shows a huge surge of bets were placed on the price of oil falling at 18:29 GMT—a full 47 minutes before the reporter's post. The traders who placed those bets will have made millions of dollars from the movement in oil prices."
Traders have been placing significant bets on financial markets just before major announcements from President Trump, indicating possible insider trading. The BBC analyzed trade volume data and found spikes in trading activity shortly before Trump's statements. For instance, after Trump suggested the U.S.-Israel conflict was nearing resolution, oil prices dropped significantly. Data showed that bets on falling oil prices surged before the public announcement, suggesting that some traders may have access to non-public information, leading to substantial profits.
Read at Esquire
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