@realmoney
Is Mnuchin Buying Stock Futures?
* My speculation about possible government purchases of stock futures may be farfetched.
* But, then again, it may not be!
Back in early February I asked, in a column, "What's With Futures at 3 am Every Morning?
Is Mnuchin Buying Stock Futures?
* My speculation about possible government purchases of stock futures may be farfetched.
* But, then again, it may not be!
Back in early February I asked, in a column, "What's With Futures at 3 am Every Morning?
And back at the beginning of the year - here was one of my 15 Surprises for 2020:
"In the first half of 2020, just as the impeachment hearings percolate, a New York Times investigation uncovers that President Trump directed the purchase of stock futures by the Fed, the Treasury
"In the first half of 2020, just as the impeachment hearings percolate, a New York Times investigation uncovers that President Trump directed the purchase of stock futures by the Fed, the Treasury
and other parties (over a lengthy period of months) to buoy the U.S. stock markets and with the stated intent (later disclosed in emails) to improve the chances of his reelection. The discovery and publicity associated with stock futures buying policy (which began to be
implemented in late summer, 2019) causes an uproar politically (as leaders of both parties are critical) and Congressional hearings are scheduled - sending markets abruptly lower as there was apparently less to the bull market run than meets the eye." @jimcramer @tomkeene
