Trump got sued for allegedly giving people early access to his Truth Social posts so they could trade on them before the market moved. The lawsuit says his posts move financial markets. His posts. On Truth Social.
Let's admire this business model. Step one: post something inflammatory on your own social media platform that nobody uses. Step two: tell your buddies first so they can buy calls. Step three: watch retail traders panic-buy at the top because they saw a screenshot on Reddit. Step four: get sued in Manhattan.
The plaintiffs argue Trump violated securities laws by selling advance access to market-moving information. Which raises the question: if you paid money to read a Truth Social post three minutes early, what exactly were you doing with your life before that transaction? The judge should dismiss this case on the grounds that anyone dumb enough to wire money for early Trump tweets deserves whatever happens next.
Technical analysis works the same whether you read the tweet at 9:47 or 9:50. The chart doesn't care. The 200-day moving average doesn't check timestamps. Support and resistance levels aren't refreshing Truth Social waiting for the next all-caps rant about tariffs. You either respect the trend or you don't.
But sure, sue the guy because his posts move markets. That'll fix it. The court will rule that from now on all presidential shitposting must be released simultaneously to ensure fairness. They'll appoint a special monitor to timestamp his thoughts. Maybe install a delay like live television. Problem solved. Markets saved.
The real crime is that somewhere in Connecticut, a guy with $8,000 in a Robinhood account is reading this headline and thinking he should've been on that list.
Photo by Solen Feyissa on Unsplash
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