Mark Wauck: Monday Morning, Fake News First
I’m listening to Alastair Crooke right now and he’s saying Trump’s claim of negotiations and a new regime are simply not true. There are no negotiations. What happens, he says, is that the US attempts to send messages to Iran via Egypt or Pakistan or some other regional government. Sometimes Iran simply refuses to accept the message, at other times they send back a simple response: No! But there are no negotiations. In fact, Trump said last night: “We’re negotiating with [Iran] directly and indirectly.” Uh, why would you negotiate indirectly with a party with whom you are having direct negotiations??
Monday Morning, Fake News First
This has become a pattern. Over the weekend investors ponder what’s going on. Trump reacts by, first thing Monday, promulgating Fake News—i.e., lies—in order to try to head off adverse market reactions to the Real News. Later in the week, reality sets in.
Luke Gromen @LukeGromen
13h
Interestingly, last week multiple senior fund managers pointed out to me that this pattern has held for each of the last 3 weeks:
“TACO/positive news” Monday, “uh-oh” by Wednesday, “dumpster fire” by Friday
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محمدباقر قالیباف | MB Ghalibaf @mb_ghalibaf
17h
Heads-up: Pre-market so-called “news” or “Truth” is often just a setup for profit-taking. Basically, it’s a reverse indicator.
Do the opposite: If they pump it, short it. If they dump it, go long.
It looks like Iran’s trading advice works:
And so this morning …
Please note: “we will conclude our ‘lovely’ stay in Iran”. That sounds like an intended TACO. Nice try.
Patarames @Pataramesh
6h
Maximum Pain Tactic:
Trump greenlighted a massive USraeli attack over the weekend against Iran, mobilizing all available airpower assets.
 The goal was to shock the population & force an  overreaction
 But as global markets open today, Iran did not enter the escalate to de-escalate game.
You don’t do that if cards & time are yours
…
I’m listening to Alastair Crooke right now and he’s saying Trump’s claim of negotiations and a new regime are simply not true. There are no negotiations. What happens, he says, is that the US attempts to send messages to Iran via Egypt or Pakistan or some other regional government. Sometimes Iran simply refuses to accept the message, at other times they send back a simple response: No! But there are no negotiations. In fact, Trump said last night: “We’re negotiating with [Iran] directly and indirectly.” Uh, why would you negotiate indirectly with a party with whom you are having direct negotiations??
Another attempt to gaslight the markets this morning:
Iran is simply conducting diplomacy among regional countries—and Pakistan has been supportive to Iran at times. Nothing has changed.
Professor Marandi sent a bit different response to Trump’s latest message, which gets to the heart of Trump’s panic:
Seyed Mohammad Marandi @s_m_marandi
52m
And we will destroy everything on the other side of the Persian Gulf, which will result in years of global economic depression.
S&P 500 is currently up, but Asia is reacting to the imminent crisis, the tsunami that will hit them first:
