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Home / Business / JPMorgan creates & # 39; Wolf Fairy Index & # 39; to measure Trump tweets & # 39; market impact

JPMorgan creates & # 39; Wolf Fairy Index & # 39; to measure Trump tweets & # 39; market impact



JPMorgan has created an index to track and quantify the impact President Trump Donald John Trump To avert a possible recession, Trump should work with policies that support Trump workers to speak in the GOP House retreat in Baltimore after repeatedly criticizing the city of Kennedy as leader Markey in possible Senate matchup: poll MORE his tweets have in the financial market.

CNBC reports that the Volfefe Index ̵

1; a reference to Trump's viral "covfefe" tweet – aims to explain and measure how Trump's tweets affect the volatility of US interest rates.

Of the more than 4,000 non-retweets from Trump's personal Twitter account during the market period from early 2018 to the present, 146 have reportedly moved the market.

Trump tweets have had an impact on the market, especially with regard to trade and fiscal policy, when they include keywords like "China", "billions" and "products."

"We find strong evidence that tweets in

The index found that Trump's posts are likely to be liked or retweeted by Twitter users, according to CNBC.

Trump last month frequently used his Twitter account to cripple the Federal Reserve and its chairman, Jerome Powell, and push for lower interest rates that he believes will further stimulate the economy.

"This makes rough sense since much of the president's tweets have been focused on the Federal Reserve, trade tensions are largely seen as having a major impact on economic developments in the short term, and in the same way the Fed's response to such developments, "found the report one.

Trump has also used his account to beat China over the ongoing trade war between the two countries. He has maintained that the battle would cost China jobs and money in the long run while defending its customs policy.

A majority of Trump's market-influencing tweets come between noon and noon. tweet about three times as likely to arrive at any other hour in the afternoon or evening, according to JPMorgan & # 39; s index.

Since Trump was elected in November 2016, he has averaged more than 10 tweets a day, with more than 10,000 having taken place since his inauguration in 2017.

The Hill has reached out to JPMorgan.


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