Chris Cuomo questions the timing of stock market trades before Trump’s tariffs pause

Chris Cuomo has raised concerns about the suspicious trading activity in the stock market that occurred just before President Donald Trump declared a 90-day hold on his trade tariffs. Cuomo questioned the significant wealth accumulation from this volatility, posing the query of how certain individuals may have benefitted substantially from these market fluctuations. The NewsNation host highlighted this issue during his recent show, insinuating that certain members of Congress and Trump’s affluent associates could have taken advantage of the tumultuous stock market conditions.

An instance raised by Cuomo was the remarkable surge of struggling media outlet Newsmax’s stock, which skyrocketed from a $14 value to $260 before plummeting back down. This drastic fluctuation in Newsmax’s stock value raised suspicions of potential profiteering from such market manipulations. Cuomo suggested that these moves may not necessarily be geared towards benefiting the average citizen or the middle class but possibly serve the interests of a select few individuals, demonstrating a pattern of seemingly insider profiteering.

Adding to his suspicions, Cuomo expanded his scrutiny beyond Trump’s circle, pointing out that Democrats were also contemplating investigations on allegations of market manipulation and insider trading within Trump’s administration. The NewsNation host emphasized the paradoxical nature of such accusations when they emanate from individuals who may themselves be implicated in similar practices, hence casting doubt on the credibility of the claims being made.

Moreover, Cuomo underscored the suspicious nature of the market trades just moments before Trump’s tariff pause announcement. He highlighted the peculiar surge in trading activities around 1 PM, where traders made substantial wagers on the market heading upwards by the end of the day. The risky nature of these bets was emphasized, especially when considering the massive returns generated within such a short span of time. While Cuomo did not possess concrete evidence of insider trading, he highlighted Trump’s public acknowledgment of his friend Charles Schwab profiting immensely from the market following the tariff pause, further raising questions about the validity of these market dealings.

Despite the lack of definitive proof, Cuomo raised valid concerns regarding the dubious trading behavior observed before and after Trump’s tariff announcement. The potential ramifications of these suspicions extend beyond the mere financial gains of a few individuals, encompassing broader questions of market integrity, fairness, and accountability within the financial realm. Cuomo’s assertion underscores the need for vigilance and scrutiny in order to uphold the transparency and ethical standards necessary for maintaining the integrity of financial markets.