Trump sparked the equity markets today with yet another whopper about taking a pause from bombing Iran to work on a peace Memorandum of Understanding.
More likely this is a courtesy to Elon Musk, who is squeezing out a whopping pig of an IPO tomorrow for SpaceX at a wildly confabulated evaluation of $135 a share, in his never-ending quest to become a trillionaire.
The Street knows this. They absolutely know what is what about all of it. Trump and the Congress know that he is lying through his teeth.
They don't care. They just want to get paid. They all have the same moral sensibility, which essentially none.
"Iran directly rejects Trump's new claim that he reached an agreement to "cancel tonight's strikes" on Iran as baseless, saying no agreement has been approved at all, and all of Trump's words should be disregarded like all his previous 38 times deal-imminent announcements over two months, per Tasnim. A senior Israeli official also tells Channel 12 they are 'not aware of any agreement being reached'."
So, stocks rallied hard after Trump made his 39th announcement of an imminent peace deal.
Gold and silver rallied. Bitcoin rallied a bit.
VIX fell.
SpaceX is coming out tomorrow.
Have a pleasant evening.
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