If President Donald Trump wants to keep his strong stock market gains, he may want to stay off Twitter.
In other words, when Trump tweets more than usual, the stock market tends to fall slightly, on average.
The brokerage’s chief equity strategist, Savita Subramanian, wrote in a note that “since 2016, days with more than 35 tweets by Trump have seen negative returns (-9bp), whereas days with less than 5 tweets have seen positive returns (+5bp) — statistically significant.”
“Trade talk, political campaigning and tweets have contributed to volatility, from China to Fed policy to tax policy,” wrote the brokerage’s chief equity strategist Savita Subramanian.
分析师Savita Subramanian写道：“ 贸易谈判、政治竞选类的推文——比如涉及中国、美联储政策和税收政策的推文——就会导致市场波动。”
President Trump unexpectedly unleashed a new word on the world on May 31, 2017, when he tweeted out a confusing partial sentence shortly after midnight.
"Despite the negative press covfefe," the tweet read, and nothing more.
He soon deleted the tweet, but instead of pretending it never happened, he leaned into it. "Who can figure out the true meaning of 'covfefe' ??? Enjoy!" he said nearly six hours after the original tweet went out.
Via USA Today
Most of Trump’s tweets come around noon to 2:00 pm, with a 1:00 pm tweet roughly three times as likely to arrive at any other hour of the afternoon or evening, according to J.P. Morgan’s report.
Trump’s 3:00 am tweets are also more common than 3:00 pm tweets. Trump is presumably asleep from 5:00 am to 10:00 am, according to the report, since there’s a lull in tweeting activity during that time.