Notes
“People say the next generation’s in bad shape. Really? They’re going to inherit a country that’s worth two [or] three hundred trillion dollars. They’re probably going to live to 120; AI is going to cure some cancers... They shouldn’t be bemoaning their situation, they should be looking at the world and saying, ‘What can I make of it? What can I do better than the folks before me?’” JPMorgan, $JPM, Dimon has said.
Good morning to everyone:
Goodnight to everyone:
This is unusual.
At a PRIVATE JPMorgan, $JPM conference with US Treasury Secretary Scott Bessent, Bessent talked about US and China, calling situation "unsustainable" on April 22nd.
The market rallied huge on the comments.
But did someone at the conference know?
Before the comments that were leaked to Bloomberg, a huge $SPXW 5800C expiring 5/16/2025 was placed unusually. It was 11% out of the money. Truly unusual.
The trader then made $2 million in 30 minutes after the comments.
These types of trades have been happening with increasing frequency.

Scott Bessent is speaking in 3 minutes.
Yesterday, his comments of a possible China deal were leaked.
Numerous traders made millions of dollars BEFORE the leak.
Unusual
Good morning to everyone:
Good night to everyone:
This is unusual.
So at a PRIVATE JPMorgan, $JPM conference with US Treasury Secretary Scott Bessent, Bessent talked about US and China, calling situation "unsustainable."
The market rallied huge on the comments.
But did someone at the conference know?
Before the comments that were leaked to Bloomberg, a huge $SPXW 5800C expiring 5/16/2025 was placed unusually. It was 11% out of the money. Truly unusual.
The trader then made $2 million in 30 minutes after the comments.
