Tracking How Trump’s Tweets Move Markets

JP Morgan has created “Volfefe” — a mashup of volatility and a certain “covfefe” tweet — an index to track the impact of President Trump’s tweets on the market, CNN reports.

“The analysts found that Trump’s tweets have significantly increased volatility. They say the frequency of market-moving tweets from Trump ‘ballooned’ in August, and that US rates markets are paying more attention. This drives the need for a model to spot market-moving tweets and track the results.”