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

Posted by BeauHD on from the two-eyes-wide-open dept.

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.

3 of 203 comments (clear)

  1. Worrying by AmiMoJo · · Score: 4, Interesting

    The really worrying thing is that he is so easy to trigger. His favourite news site is breitbart, and Twitter is largely unfiltered. How long until someone engineers a stock crash for their own monetary benefit?

    --
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    SJW, n: "Someone I don't like, and by the way I'm a fuckwit" - AC
  2. That's what we call a buying opportunity. by dgatwood · · Score: 4, Insightful

    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....

    --

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  3. Re:He's off his rocker by dbIII · · Score: 4, Insightful

    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.