The market just told you exactly what happened in those 90 minutes and it is not complicated. Someone bought the dip between 3:43 and 5:13 before the wind-down language was posted. The S&P 500 rising nearly 1 percent on, as Kobeissi noted, NO NEWS, in the 90 minute window between Trump saying no ceasefire and Trump saying winding down, is the most important detail in this entire sequence. Markets do not move 1 percent on nothing. They move on information. The question is who had the information that the wind-down language was coming before it was posted publicly. This pattern has now appeared multiple times in this war. Trump posts market-moving statements on Truth Social. Significant price movements occur in narrow windows around those posts. The SEC and CFTC should be examining the trading activity in the 30 minutes before the 5:13 PM post with considerable interest. The broader picture is equally disturbing from a market integrity standpoint. The President of the United States is making statements about an active war at irregular intervals on a social media platform. Each statement moves markets by hundreds of billions of dollars. The gap between statements is sometimes 90 minutes. The statements directly contradict each other. And significant price movements occur in the windows between them on no publicly available news. This is not a functioning information market. This is a volatility machine operated by a single individual with no communications discipline, no market awareness, and no apparent understanding that his Truth Social posts are simultaneously military signals, diplomatic communications, and trillion dollar market events. $900 billion in market cap added in under three hours on a Friday afternoon based on the word “winding down” appearing in a Truth Social post. Markets are closed until Monday. Between now and Monday opening, the Pentagon has detailed ground invasion preparations confirmed by CBS. The 82nd Airborne is being prepared for deployment. RAF Fairford and Diego Garcia are approved for offensive operations. Iran has warned it will exercise its right to self-defense against British bases. Kuwait’s refinery was struck this morning. The IEA declared the worst energy crisis in history. Monday morning open will be interesting.