mo4ch:>Covfefe power: J.P. Morgan invents new index to measure impact of Trump’s tweets on markets | Mo4ch News

President Donald Trump tweeting habits have long been speculated to move the markets, but now there is a way that would supposedly measure it, courtesy of J.P Morgan. And it’s called Volfefe, after the mysterious ‘covfefe.’The behemoth financial company and the provider of indices of all sorts insists that the US president has increased the number of tweets in the recent months, affecting the markets. And his every tweet about Federal Reserve, China and trade tensions, is seen as “impactful on near-term economic performance” wrote the authors of the J.P. Morgan report.With the new index, named after Trump’s  mysterious ‘covfefe’ tweet, the analysts tried to explain and show how the tweets affect 2-year and 5-year treasuries.The company’s report said some 146 tweets out of 4,000 authentic messages during market hours from 2018 to the present had an impact on markets. Most often they included words such as “China,”“billion” and “products” and got favorable responses.Also on rt.comDow Jo…