- Reaction score
- 1,581
JP Morgan has created an index to track the effect of Trump’s tweets on financial markets: ‘Volfefe index’
https://www.cnbc.com/2019/09/08/donald-trump-is-tweeting-more-and-its-impacting-the-bond-market.html
KEY POINTSTrump’s market-moving tweets most often address trade and monetary policy, with keywords including “China,” “billion” and “products.”
J.P. Morgan’s “Volfefe Index,” named after Trump’s infamous and still mysterious “covfefe” tweet, explains a measurable fraction of the moves in implied rate volatility for 2-year and 5-year Treasurys.
Out of about 4,000 non-retweets by Trump occurring during market hours from 2018 to the present, only 146 moved the market.
https://www.cnbc.com/2019/09/08/donald-trump-is-tweeting-more-and-its-impacting-the-bond-market.html