(11 September 2019, The Age, Business, p30, By David Scutt)
‘US President Donald Trump’s prolific use of Twitter is leading to wild swings in the prices of stocks, bonds and currencies and has spawned an entirely new field of financial market research.’
<snipped…>
‘According to the North American fixed-income strategy team at JPMorgan, Trump’s tweeting has picked up substantially in recent months, including market-moving topics dominated by trade and monetary policy. The bank’s new ‘Volfefe’ Index, an index named after Trump’s famous covfefe tweet and a play on the word volatility, found “strong evidence that tweets have increasingly moved US rates markets immediately after publication”.’
Discussion
No comments yet.