Among our readers, even those who don’t follow financial “markets” wouldn’t be surprised to learn that there are artificial intelligence algos (quants) that scan news headlines from from questionable sources, like The New York Times (aka NY Slimes), and Trumpian tweets. This information (or disinformation) then triggers the algos to generate buy and sell orders accordingly. Although the algos can read words, they have the intuitive IQs of heavily vaccinated and fluoridated 6 year olds. They have no ability to parse facts from bullshit and lies.
It’s a perfect setup for an unhinged alter-personality like Trump; because, in this alternative-reality cartoon world, just about any chaotic outcome is possible — and, in fact, is likely. I can’t help but feel like I’ve woken up in the middle of a “Twilight Zone” episode. I knew Orange Man was going to be bad, but even I didn’t think he’d be this bad — or that the system would still take him seriously.
Read “Trumpian Street Theater and Chaos Magic in Action” and “The Humpty Trumpty, Mentally Ill, Trojan Horse Program is Suited and Booted”
Case in point, yesterday, as the “markets” waited nervously for more developments on various brinksmanship fronts that we covered in Wednesday’s post, the Orange Man tweeted and then trolled his press secretary, Sarah Sanders, who proclaimed that the White House had reliable intel that China wanted to make a trade deal.
The gullibles were immediately whipped into a buying frenzy. I am totally convinced Trump and his criminal cronies are front-running these unethical trading operations.
Several hours later, Global Times editor Hu Xijin sent a starkly different message when he once again communicated that China is “fully prepared” for escalation.
Foreign buyers failed to show up for Wednesday’s 10-year U.S. Treasury auction.
Later, Trump rolled into Panama City, Florida, for a rally and went full bad-cop by telling the large crowd that China’s “vice premier is flying in” to continue trade talks — but “they broke the deal,” adding that “they’ll be paying.” Is that like his claim that Mexico is paying for the fictitious wall?
Incidentally, the 25% tariff that Trump announced kicks in Friday. Chinese media published earlier in the session a warning that Beijing is preparing retaliatory tariffs should Trump follow through with his promise to raise tariffs on $200 billion in Chinese exports on Friday.
Art of the deal? Really? The guy is a fraud and actor. This is the algo-driven result of the whole shit storm.
Pre-market NQ futures are down another 1% ahead of Thursday’s open. Perhaps it’s time for another artificial plunge-protection intervention or Pavlovian cartoon world tweet.
Right after posting this article came the word that North Korea has stirred up the hornet’s nest by conducting its second missile test in a week.
Also in breaking news, Trump threatened the U.K. over which companies should toxify their populations with the 5G Beast.
Late Day Update: Trump gets the pom poms out, mutters some platitudes- and wash, rinse, repeat, algos gun market.
May 10th update: TRUMP TWEETS TWEET THAT HE DELETED PREVIOUSLY THAT SAID NO NEED TO RUSH CHINA TALKS – says No Need To Rush” In Lengthy China Trade War
May 13 Update: Trade Lies Unravel and Take Market With It