JPMorgan's new"Volfefe" index tracks the impact of Trump's tweets on markets. "We can train a classifier to infer how likely each tweet is to move markets," JPMorgan said in a note to clients. Certain words had more of an effect on markets, including China, trade, and Mueller. "A broad swath of assets from single-name stocks to macro products have found their price dynamics increasingly beholden to a handful of tweets from the commander in chief.
JPMorgan's new"Volfefe" index tracks the impact of Trump's tweets on markets. "We can train a classifier to infer how likely each tweet is to move markets," JPMorgan said in a note to clients. Certain words had more of an effect on markets, including China, trade, and Mueller. "A broad swath of assets from single-name stocks to macro products have found their price dynamics increasingly beholden to a handful of tweets from the commander in chief.
Parasitical Capitalism & algorithmic trading- if it's broke, don't fix the source problem (in this case an unqualified & pathological narcissist Trump spewing 🤮bullshit tweets from President's office), just make an algorithm to compensate & react quicker than competitors.
GlennKesslerWP How many of his buddies are shorting stocks ahead of tweets they know he will make?
Oh, the president of the USA’s statements have an affect on markets, hmm, funny that.
No shit Sherlock.
Take it a decades. Maybe even years. No impact. (My opinion)
A robot ? AI ? Something programmed by a human ?