JP Morgan tracking how President Trump’s tweets move markets


JP Morgan has created an index to track how president trump’s tweets affect financial markets.

It’s called the “volfefe index” — an apparent combination of the words volatility and trump’s mysterious “covfefe” tweet from 20-17.

The investment banking company’s analysts found trump’s tweets have a significant impact on interest rates.

J-p morgan says the markets react almost immediately to the president’s posts.

While no specific tweets were listed in the report — some trigger words include “china,” “billion”, and “products.”

Copyright 2020 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.


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