Economy

Will release report on my financial holdings before 2020 elections

Will release report on my financial holdings before 2020 elections

While the index's "utility in scoring any given tweet is somewhat limited", the bank said, it added that it works "as a supervised machine learning exercise - specifically we can train a classifier to infer how likely each tweet is to move markets".

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.

"With heavier tweeting on United States dollars and the Fed likely to feature moving forward and these tweets seeing a bit larger and more consistent market moves, it would not be surprising to us if the market showed more, not less sensitivity to tweets over time", the strategist concludes.

Those tweets that do move the markets often focus on trade and the Federal Reserve and include the words "China", "billion" and "great".

JP Morgan noted the President's tweets "can and will arrive at any hour of the day".

Another interesting thing to note from the report is most of the tweets by Trump come in the afternoon between 12:00 pm to 2:00 pm with 1:00 pm tweet three times more likely.

View Markets Insider's homepage for more stories. That suggests far more opportunities for tweets that move marketplaces, though only some of them truly do.

Analysts at JP Morgan noted that while their current analysis was limited to US interest rates, such an exercise was easily transferable to equity or currency markets.

More news: US, China Agree to New Trade Talks

Meanwhile, Citi's work shows that the president's tweets are generally followed by a stretch of higher volatility across global currency markets.

However, S&P 500 rose more than 35% since then, trump won the election in 2016, concludes the Agency.

The same goes for the bond market and for interest rates.

They also said the President has been tweeting a lot more frequently since late-2018.

To be sure, while market-moving tweets may be on the rise, in recent months, these tweets have garnered fewer likes and retweets than other contemporaneous remarks, the analysts found.

In early-August, Wall Street plunged (one of the many occasions it did so recently) when Mr Trump chose to ramp up his trade dispute with China. Tracy Alloway reports on "Bloomberg Daybreak: Middle East". The graphs are based on the time of the tweets and the words that Trump used with a quantifiable impact of them on the U.S. interest rates within five minutes of the tweet.

That tweet was posted one week before the G20 summit in Japan, when investors' excitement was at fever-pitch that the economically-damaging trade war would be over soon.


  • UK Work and Pensions Secretary Amber Rudd quits government in Brexit protest

    UK Work and Pensions Secretary Amber Rudd quits government in Brexit protest

    Raab said the government would examine the Brexit delay bill "to test to the limit what it does actually lawfully require". Do otherwise and we'll make sure your time as Prime Minister is even shorter than May's .
    Another jump in jobless rate

    Another jump in jobless rate

    The Canadian dollar strengthened to a one-month high at 1.3179 to the dollar, or 75.88 cents US , after the jobs gain. Saskatchewan's employment rate is up, according to the latest seasonally adjusted numbers from Statistics Canada .
    Detroit Defenseman Niklas Kronwall Retires After 15 Seasons

    Detroit Defenseman Niklas Kronwall Retires After 15 Seasons

    Other accolades include Olympic silver with Sweden at Sochi 2014 and a medal of the same colour from the 2003 World Championships. Kronwall is fourth in points by a Red Wings defenseman with 432, behind Lidstrom (1,142), Reed Larson (570) and Red Kelly (472).
  • New Book on Weinstein Reveals ‘Shocking Discoveries’ About Lisa Bloom, David Boies

    New Book on Weinstein Reveals ‘Shocking Discoveries’ About Lisa Bloom, David Boies

    Bloom later told Kantor and Twohey she "deeply regretted" representing Weinstein and called the endeavor a "colossal mistake". Weinstein is facing a criminal trial on charges of rape and sexual assault.
    North Korea 'willing to restart' nuclear talks with US

    North Korea 'willing to restart' nuclear talks with US

    The projectiles flew about 330 kilometers (205 miles) each, making them short-range projectiles, South Korea said. U.S. officials have called these launches provocations, although Trump himself has avoided criticising them.
    Zimbabwe ex-president Robert Mugabe dies

    Zimbabwe ex-president Robert Mugabe dies

    Mugabe's vice president Emmerson Mnangagwa, who he fired on November 6, was sworn in as the new president. Mugabe was born near the town of Kutama on February 21, 1924, when the country was known as Rhodesia.
  • Hurricane Dorian turns Fla. skies stunning shades of purple

    Hurricane Dorian turns Fla. skies stunning shades of purple

    In a photograph provided by the city, the letters D-I-A-M-A-N-T are visible in black lettering on the package. Police declined to comment on what was written on the brick, citing their investigation.
    A New Hope Star Destroyer Now Has the Ultimate LEGO Set

    A New Hope Star Destroyer Now Has the Ultimate LEGO Set

    The set will come with just two minifigures with blasters - a never-before-released Imperial Officer and Imperial Crew Member. It even includes a scale version of the Tantive IV itself, which looks minuscule in comparison to the huge new Lego set .
    HMD brings the Nokia 2720 flip phone back from the dead

    HMD brings the Nokia 2720 flip phone back from the dead

    The rear shooter packs a 16-megapixel primary lens (f/1.8), 8-megapixel wide-angle sensor (f/2.2), and 5-megapixel depth sensor. Storage-wise the 128GB available in the Nokia 7 .2 is double what the Nokia 7 .1 has, but both can accommodate MicroSD cards.
  • Police identify Minnesota woman who died in encounter with black bear

    Police identify Minnesota woman who died in encounter with black bear

    On Wednesday, a Ministry of Natural Resources and Forestry spokesperson said a search for other bears on the island was underway. Her mother was anxious when the dogs returned to the family's cabin without her daughter, one of which was injured.
    Saaho Box-Office Day 6: Prabhas’ Big Budget Film Sees Dip!

    Saaho Box-Office Day 6: Prabhas’ Big Budget Film Sees Dip!

    Saaho has earned more than Rs 300 crore at the box office already and this does not include the overseas collections. The film, featuring Pooja Hegde as the leading lady, will be made on a smaller scale when compared to Saaho .
    Weak factory data, trade frictions pull Wall Street lower

    Weak factory data, trade frictions pull Wall Street lower

    The entire back and forth has now unsurprisingly dented US stock markets as The Dow, S&P 500 and Nasdaq have begun bleeding. The Dow Jones Industrial Average fell 285.26 points, or 1.1%, at 26,118.02, and the S&P 500 fell 0.7% to 2,906.27.