IT has long been the case that when a US President speaks, financial markets react.
But recently, oil markets have been behaving a bit differently: sometimes the stock price moves before Trump posts. Millions of dollars are changing hands, with some traders seeming to have made incredibly well-timed bets. Did some of them know something the rest of the market didn’t?
@realDonaldTrump made 1,341 Truth Social posts from January 25 to April 8. Our analysis of that 73-day window reveals 15 distinct events with unusual trading activity around Trump’s posts. In several of those events — including the most striking ones — the price had already moved sharply in the minutes before he posted.
➡️ Read the interactive story here
Authors
Timothy Graham, Associate Professor in Digital Media, Queensland University of Technology;
Ella Chorazy, Senior Research Associate, Queensland University of Technology,
and
Stephen Harrington, Associate Professor, School of Communication, Queensland University of Technology
Timothy Graham, Associate Professor in Digital Media, Queensland University of Technology;
Ella Chorazy, Senior Research Associate, Queensland University of Technology,
and
Stephen Harrington, Associate Professor, School of Communication, Queensland University of Technology
- This article is republished from The Conversation under a Creative Commons license. Read the original article.
