Update: Axios says “sources” say this is 100% false…
https://twitter.com/jonathanvswan/status/898190160336232448
We’ll see.
These “100% false rumors” in the Trump administration have a knack for becoming “100% true” in fairly short order.
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Rumors are circulating that Gary Cohn is out.
Perhaps our plea to old Lloyd was heard after all (obviously that’s sarcasm, but someone will take it seriously):
@lloydblankfein if you could instruct Gary Cohn to grow some balls we'd all really appreciate it.
Thanks,
America— Heisenberg Report (@heisenbergrpt) August 17, 2017
Here’s the reaction in S&P futs, the VIX, and Nasdaq futs (descending order):
And here’s USDJPY:
VIX Trades Big As Cohn Resignation Rumors Hit https://t.co/PhmC7v5tkE via @investitute
— Pete Najarian (@petenajarian) August 17, 2017
More to come…
Everything is on edge now. I’ve been having a lot of fun day/swing Trading UVXY/SVXY. But if staring at a monitor is not your thing, I say best keep a long vol position over short-medium term and sell short dated (single digit days) covered calls when IV jumps
Seems the market is ready to blow up on anything. Undeveloped/unconfirmed rumours make VIX spike like this…imagine if a real catalyst happens… which under Trump seems more likely with each passing day.
What’s all the fuss about? I never even like ‘Walking in Memphis’ anyway…