If it doesn't cause more uncertainty then sure, he shouldn't have done that but ultimately it doesn't matter much.

Not exactly well versed in economy though so I don't know really.

It will matter, I'll confirm this on Monday morning

Sometimes not saying anything is better than saying something, especially when the market is so uncertain

Wait, where are you getting that the meeting itself didn't happen?

Yeah oil will drop in Monday

That's because the meeting is delayed between Russia and SA

Not because of Trump's "lie (?)"

Saudi and Russia denied it happening

I'll need to find the news, sec

News sources read as if the meeting didn't happen yet, not that it doesn't exist.

Hmm

But he said it did happen

The "talks"

https://www.nytimes.com/2020/04/02/us/politics/trump-russia-saudi-arabia-oil.html

Nah I mean there is a meeting, but it's delayed

I know there is a meeting

But he lied from the inception about the deal

What he said was he talked to the SA gov privately.

when no discussion was had between them

SA confirms there is a deal in the works, however no details apart from Trump's tweet

only "a fair agreement"

According to your source there were talks between them, the reason why the oil market fell again was SA and Russia not commenting on Trumps tweets of him expecting they would "jointly cut output by as much as 15 million barrels." Not on the talks themselves.

*not committing to what Trump said in his tweets, my bad

Yes that little blur will cause something that could have been avoided, imo. But I'm no politician I'm just an investor that needs to be pollitically informed

I call a spade a spade when I see it. I really hoped Trump didn't say anything on that before it actually happened.

But that's just my opinion

Monday we will see it's impact, so will or will not confirm this opinion^

Further problems with the oil market will probably not be avoidable either way. You said that there weren't talks at all though, and that he lied about those talking place when your own source doesn't exactly support that. Only that he made overly optimistic tweets and SA and Russia were essentially like "ehh."

Not that that doesn't matter, but that is different.

Let me go cook lunch and return to this dialogue.

But if you don't want to call it a lie, atleast call it misleading information

Since it has mislead investors and their position on the market

Sure, I can agree shouldn't have tweeted that preemptively but if it doesn't cause the market to become more uncertain that it was before then I simply don't see how it matters all that much. If it causes it to go down more than I'd see that as more serious.

Assuming the market doesn't become more uncertain regardless of whether he tweeted that or not.

That's fair, we will have to wait and see how it plays out

Lets follow up with a Monday update on Oil shares

Go for it

Good talk anyways

Likewise 👍

https://www.thesun.co.uk/news/11304389/fbi-wiretap-applications-watchdog-blundered-trump/