President Donald Trump’s tweets often set off big gyrations in stock prices. Anyone who knows of the tweets in advance could make a fortune, though not legally.
Who knows of the tweets in advance? Trump knows, and there’s growing speculation that he might be showing tweets in the making to select others in his inner circle. Such suspicions have been bubbling since Election Day 2016, when Trump started attacking specific corporations, causing their stock prices to tank. An investor can make money off a falling stock price as well as a rising one.
NBC’s Howard Fineman opened the floodgates on this troubling discussion with a tweet of his own. “My twitter feed is asking a legitimate question: are @realDonaldTrump’s businesses and family profiting from insider knowledge of his pending — market-moving — tweets, comments and bargaining stands?” he asked. “My guess would be yes.”
View the complete June 12 article y From a Harrop on the National Memo website here.