Donald Trump has ramped up the geopolitical thriller to a climax, dramatically canceling his trip to the Bahamas for Donald Jr.'s wedding in favor of an emergency sit-down at the White House ahead of the long Memorial Day weekend. While the media is in a frenzy, speculating whether the Pentagon will launch a massive strike on Iran or if Trump is just tightening the screws on Tehran before the final signing of a deal, the markets have predictably gone into a three-day paranoia holiday.
Panic over potential missile strikes during the locked-down weekend could trigger a wave of speculative liquidations on longs, but the classic "Donny Dump" maneuver is designed to absorb all the geopolitical negativity during the closed TradFi and open trading on Tuesday with a clean slate.
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