JPMorgan launches 'volfefe index' to track how President Trump's tweets impact markets

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JPMorgan launches 'volfefe index' to track how President Trump's tweets impact markets
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'The subject of these tweets has increasingly turned toward market-moving topics, most prominently trade and monetary policy.'

JPMorgan Chase has created a special index to track how President Donald Trump's tweets impact interest rates and other economic indicators.

"The subject of these tweets has increasingly turned toward market-moving topics, most prominently trade and monetary policy,"said in a statement."And we find strong evidence that tweets have increasingly moved U.S. rates markets immediately after publication." The president has been accused of personally trying to influence the markets, and JPMorgan notes that"A broad swath of assets from single-name stocks to macro products have found their price dynamics increasingly beholden to a handful of tweets from the commander in chief."

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