rumitoid

New York (AFP) - Donald Trump has been tweeting more than ever in recent months and is also moving financial markets more, according to a new report by JPMorgan Chase that analyzed the US president's Twitter habit.

The report unveiled a new "Volfefe" index that measures volatility after p**********l tweets and said Trump's market-moving missives on trade and monetary policy surged in August, exacerbating volatility in the bond market.

Analysts studied movements in the 10-year US Treasury market at a variety of intervals, including one minute, five minutes and one hour.

"By this metric, 'market-moving tweets' have ballooned in frequency this August," the report said. "Importantly a few episodes have been associated with a sharp rise in implied volatility."

The name of the index is a riff on a Tweet from May 2017 that mentioned "covfefe," which is not a word. Trump has sometimes been called the "Tweeter in Chief."
Market-moving tweets tend to receive fewer "likes" and retweets than Trump's other tweets, the report said. Top market-moving words include "China," "billion" and "products," followed by "dollars," "tariff," and "trade."

The report did not analyze individual tweets during August, which was also a rocky period for the stock market due to the escalating US-China trade war and an inversion of the US Treasury yield-curve, often a harbinger of recession.

August Trump tweets included the shock announcement on August 1 that the US would impose new tariffs on $300 billion of Chinese goods, as well as a series of escalating attacks on Federal Reserve Chair Jerome Powell.

Trump blamed the Fed chief for the inverted yield curve on August 14 and questioning whether Powell was a "bigger enemy" than Chinese leader Xi Jinping on August 23.

The JPMorgan report observed that Trump has maintained "a remarkably consistent daily presence" on Twitter since taking office, averaging more than 10 tweets a day.

"The highest volume of tweets over the past four years has in fact come in recent months," the report said.

However, the faster pace of tweets is partly accounted for by retweets of messages sent by others, according to the report.

woodguru

Trump will be directly responsible for crashing the market

Gatsby

Well now, ain't that funny, liberal clowns call him the worlds biggest liar;

while people who literally put their money where there mouth is, take his word to the bank!

woodguru

Focus Gatsby, come on, you can do it...

I find it to be relatively disturbing that trump tweets are affecting the market enough that major traders are quantifying it.

rumitoid

Just the opposite, read the reports. And please, why the need for insult? What is it with you guys? To stop your response in its tracks, I do not insult or name-call or get personal. Just the topic.

nwtk2007 Loc: Texas

LOLOL!!!!!!!!!!!!!!!!!!!!! Trump got elected and the market shot up, despite the claims of the left that a Trump victory would crash them.

Watch out he doesn't fart!!

rumitoid

Please show a source where the Left claimed the market would tank.

proud republican Loc: RED CALIFORNIA

https://www.infowars.com/list-of-experts-who-predicted-stock-crash-after-trump-win/


https://www.politico.com/story/2016/10/donald-trump-wall-street-effect-markets-230164


https://www.marketwatch.com/story/the-stock-market-could-crash-if-donald-trump-is-elected-2016-10-31

https://www.politico.com/story/2016/11/krugman-trump-global-recession-2016-231055


There is plenty more, but i have to go make dinner now...

nwtk2007 Loc: Texas

nwtk2007 Loc: Texas

LOL! You beat me to it!

rumitoid

Thank you. Wanted to see evidence and did. This is how it is supposed to work in a forum.

rumitoid

Good job!

nwtk2007 Loc: Texas

Thanks rhumy, but . . .

What worries me is that you weren't aware of this.

rumitoid

Good point. We all have our faults. Unfortunately, never looked into it. Thank you for the info.