Source: Libertarian Institute
by Thomas Karat
“At 6:49 a.m. on Monday, March 23, the oil futures market was quiet. Pre-dawn Mondays are always quiet. There was no scheduled data release, no Federal Reserve speech, no obvious catalyst for any significant market activity. Then, in the span of 27 seconds, roughly 6,200 Brent and West Texas Intermediate futures contracts were sold — a notional value of approximately $580 million …. Simultaneously, approximately 6,000 S&P 500 e-Mini futures contracts were purchased, representing more than $2 billion in notional value. Sell oil. Buy stocks. A perfectly paired bet that would only make sense if you knew — if you were certain — that the geopolitical picture was about to improve dramatically. At 7:05 a.m., sixteen minutes later, President Donald Trump posted on Truth Social that the United States and Iran had been engaged in ‘productive conversations’ to end the war.” (05/11/26)