Tech Firm Creates Trump Monitor For Stock Markets (reuters.com)

randomErr quotes a report from Reuters: London-based fintech firm Trading.co.uk is launching an app that will generate trading alerts for shares based on Donald Trump social media comments. Keeping one eye on the U.S. President-elect's personal Twitter feed has become a regular pastime for the fund managers and traders. Trump knocked several billion off the value of pharmaceutical stocks a week ago by saying they were "getting away with murder" with their prices. Comments earlier this week on China moved the dollar and a pair of December tweets sent the share prices of Lockheed Martin and Boeing spiraling lower. That plays to the growing group of technology startups that use computing power to process millions of messages posted online every day and generate early warnings on when shares are likely to move. Trading.co.uk chief Gareth Mann said the Trump signal generator used artificial intelligence technology to differentiate between tweets or other messages that, for example, just mention Boeing and those liable to move markets.

Comments

He's off his rocker

[Anonymous Coward]

I just hope I never see the blinding flash of a nuclear bomb while looking out the windscreen of my lorry. Who cares if he moves a few stocks up and down. The real danger is putting that madman in charge of your arsenal.

Re:He's off his rocker

[dbIII]

As a senator, Hillary voted for the Iraq war

As did every single Republican and most of the Democrats.

As secretary of state, she supported the intervention in Libya

As President, Reagan bombed Libya.

She advocated for deeper American involvement in Syria

So did McCain and many many others.


Now she doesn't matter. It's those many many others who wanted to act the same way who are still in power are the ones you should be taking to task unless you don't care about being seen as hopelessly partisan and amoral.

entertainment value

Get back to me in a year and let's see if you think that entertainment was worth it.

Speculative Trading

[Notabadguy]

Stock value these days is speculative, and has virtually nothing to do with tangible value.

When pointing out common sense things (Lockheed asking $800,000 per round for a gun is too much) or (Pharmaceutical companies are charging more than the average american can afford) causes stock prices to plummet - they were overvalued.

Then again, statistically rounded - 100% of trading is HFT and is a scam anyway, so....it doesn't matter. Again.

That's what we call a buying opportunity.

[dgatwood]

Wait for Trump to say something stupid that knocks a chunk of money off of a stock, wait a few hours for it to crash, buy low, and sell it after a week when the price rebounds. Once again, the ultra-wealthy with their high-frequency traders get richer, and normal people's retirement funds get poorer....

Not luck at all

[SuperKendall]

If you followed Trump at all before the election, you'd realize that Trump is actually quite smart, and really does understand not only how the world works but is especially excellent at negotiation and hiring good talent.

Some of the things he's saying over Twitter are calibrated to make him look dumb, so that people underestimate him. It's funny to me that people say Trump has a huge ego, therefore he needs attention from press and media... it's because Trump has a huge ego that none of that matters to him. He is ecstatic that people continue to fall for the lie Trump is dumb, because it makes it so easy for him to move forward with whatever he wants to do and surprise everyone.

Re:It won't work for long

[ShanghaiBill]

They'll stop reacting to what he says because it is just noise.

That is not how the stock market works. Traders will react because they think other traders will react, and they want a first-mover advantage. Other than tweeting, it doesn't matter what Trump does or doesn't do. He just needs to trigger the feedback loop.

Re:Worrying

[ClickOnThis]

The really worrying thing is that he is so easy to trigger.

No, the really worrying part is that the stock market is so fucking fragile that such a stupid comment can bring prices down. I mean, it can't be because millions of shareholders suddenly grew a conscious and realized "y'know, he's right, they are charging too much. I'm gonna sell my stock to show that I don't support such high drug prices">

I don't know about you, but when it comes to fragility, I'm a whole lot more concerned about Trump than the stock market.

The stock market has a multitude of agents across the world, pushing in different directions. Trump is one single person who has control of the most powerful bully pulpit on Earth. You tell me what/who is more likely to fly off the handle.

And to put a finer point on it: the stock market doesn't have nukes.