Vanity Fair story on Trump chaos trades dismissed as 'patently false'
A viral Vanity Fair article that suggested traders may have had foreknowledge about a series of geopolitical events — and profited handsomely from them — is “patently false,” according to the Chicago Mercantile Exchange.
But in a tersely worded statement issued late Friday, the CME — which regulates S&P futures contract trading — said it “regularly monitors its markets for suspicious activity,” and dismissed the allegations. A number of Wall Street analysts have also called the story’s thesis into question. In the days since the article’s publication, a few market observers have chipped away at its premise. Since futures are hedges against other market positions, it’s likely a gain in one position just offsets losses in another.
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