amercer said:
There have been some interesting articles recently about the "TACO equilibrium". Basically traders have baked in the idea that Trump won't let it get too bad and thus haven't bid oil prices up to what they would have just based on current events. It's a fragile equilibrium though, as noted by the oil CEOs who are saying that real inventories are getting very very low.
Hopefully there is a deal soon and we don't find out what happens if wall st decides that TACO isn't a thing anymore.
This makes all the sense in the world, but from a different angle from Trump.
I honestly believe that since Trump loves to see himself as the savior, whatever it is he's going to do to end this, he'll do right before the 4th.
He thinks in terms of headlines and great TV, and what greater headlines than something like, "I ended the Iran war (yes, he started it, but still) and now the country will be better off for it (it was before he started the war, but still), PLUS, throw that in with the 250th celebration...
I mean, it couldn't be scripted better than that. I mean, if that's what ends up happening, it's not too far-fetched to think these last few months were meant to be made for TV.
I could be wrong, but then again, this is Trump, so I could also be right.
There are in fact two things, science and opinion; the former begets knowledge, the later ignorance. Hippocrates