JPMorgan creates ‘Volfefe index’ to measure Trump tweets’ impact on market

JPMorgan has created an index to track and quantify the impact President Trump’s tweets have on the financial market.

CNBC reports that the “Volfefe Index” — a reference to Trump’s viral “covfefe” tweet — aims to explain and measure how Trump’s tweets impact volatility in U.S. interest rates.

Of the more than 4,000 non-retweets from Trump’s personal Twitter account during market hours from the start of 2018 to now, 146 have reportedly moved the market

View the complete September 8 article by Owen Daugherty on The Hill website here.