Trump tweets increasingly moving markets: report

Trump tweets increasingly moving markets: report #eNCA

10.9.2019

Trump tweets increasingly moving markets: report eNCA

The report unveiled a new 'Volfefe' index that measures volatility after presidential tweets.

NEW YORK - 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.

"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."

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."

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.

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

Read more: eNCA

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