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The Volfefe Index, Hacker News


TheVolfefe Index (is a) stock market indexofvolatilityinMarket sentimentforUS Treasury bondscaused bytweetsbyPresidentDonald Trump.[1][2][3]

Bloomberg Newsobserved Volfefe was created due to thestatistical significanceof Trump tweets on bond prices.[1]ABC News Onlineposited Volfefe could help analyzeinterest rate riskin the face of “unpredictable”activity on social media by Trump.[2]

(Etymology)[edit]

The name “Volfefe” references the “covfefe”tweet by Trump.[3][4][5]

Creation[edit]

Volfefe was launched byJPMorgan Chaseon September 9, 2019.[1][3][4]

Methods[edit]

In forming the basis of the methodology behind Volfefe, JPMorgan Chase used software to analyze the corpus of Trump’s tweets.[6][7][8]14, 000 tweets were used in the analysis to form the initial projections for their software.[6]Their analysts determined that there were direct correlations between tweets and subsequent market movements.[5][7][8]These market movements were most notably evidenced when the tweet specifically references financial matters including the (US Federal Reserve) ************************.[2][9][10]The tweets issued during the working day of theNew York Stock Exchangewere more likely to cause a change in market sentiment, however, it was noted that the tweets can come at any time of day and thus have an effect on markets around the world.[2][9][10]Key words in tweets include “China“,” (billion) “,” products “,”Democrats“,” great “,” dollars “,”Tariffs“and” trade “.[2][9][10]

(Analysis)[edit]

Bloomberg Newsnoted, “JPMorgan’s ‘Volfefe Index,’ named after Trump’s mysterious covfefe tweet from May 2017, suggests that the president’s electronic musings are having a statistically significant impact on Treasury yields. “[1]

(ABC News Online)commented JP Morgan created Volfefe, “to measure how much impact Mr Trump’s unpredictable tweets have on US interest rates”.[2]

(See also)[edit]

References[edit]

  1. ^(a)(b)CdAlloway, Tracy (September 9, 2019),“JPMorgan Creates ‘Volfefe’ Index to Track Trump Tweet Impact”,Bloomberg News, retrie Ved (September) ,2019
  2. ^(a)(********************* (b)c)de(f)Chau, David (September 10, 2019),“Donald Trump’s impact on market volatility tracked by new JP Morgan ‘Volfefe’ index”,ABC News Online, retrieved (September) ,2019
  3. ^(a)bcAhmed, Saqib Iqbal (September 9, 2019),“”Volfefe ‘: a volatility index for the Trump era “,(Reuters) ************************, retrieved (September) ,2019
  4. ^aBGibson, Kate (September 9, [3] ),“”Volfefe index ‘tracks market impact of Trump’s tweets “,CBS News, retrieved (September) ,2019
  5. ^(a)bHorowitz, Julia (September 9, 2019),“JPMorgan has created a ‘Volfefe Index’ to track how Trump’s tweets move markets”,(CNN), retrieved (September 9,2019
  6. ^(a)bKhan, Yusuf (September 9, 2019),“A JPMorgan bot analyzed 14, 000 Trump tweets and found they’re having an increasingly sharp impact on markets “,(Business Insider) ************************, retrieved (September) ,2019
  7. ^a(b)Kollmeyer, Barbara (September 9, 2019),“JP Morgan made a ‘Volfefe’ index to track how Trump tweets move the bond market – here’s what it shows “,MarketWatch, retrieved (September) ,2019
  8. ^ab(Ashworth, Louis) September 10, 2019),“The Volfefe Index aims to track just how Donald Trump’s tweets move markets”,The Daily Telegraph, retrieved (September) ,2019
  9. ^a(b)CNewburger, Emma (September 8, 2019),“JP Morgan has created an index to track the effect of Trump’s tweets on financial markets: ‘Volfefe index,CNBC, retrieved (September) ,2019
  10. ^aBC“How much do Trump tweets swing the market? Check ‘Volfefe,Yahoo! Finance, (Associated Press) , September 9, 2019, retrieved (September) ,2019

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