Wednesday, December 14, 2016

Trump Set to Replace Presidential Press Conferences with Tweets?

Tweets can be anything depending on the sender. But with Trump, Tweets are fastballs aimed at the head, otherwise known as brushback pitches. Often, they're knuckleballs, meant to fake the batter into thinking it's here when it's really there. They're usually pretty silly, often preposterously untrue, but could they replace the traditional presidential press conference. With Trump, I'd say yes!

A columnist for The Week thinks so, then points out how he did so. He canceled a press conference and sent these Tweets instead:

"MarketWatch warns that it might not be the way to go:

Donald Trump’s itchy Twitter finger has become quite the market mover in recent sessions. Just ask Boeing and Lockheed Martin investors. So what’s a trader to do? Well, some are crafting plans to profit from his next target, according to Politico.
“It’s uncharted territory we’re in, that’s for sure,” he said “You have to take each tweet and analyze it. Because he tends to lash out. But Boeing just hit a new high today, and I imagine the same will wind up being true for Lockheed. So if he does initially move the market, a smart trader can take advantage of that.”
And that’s where computer—trading models enter the picture.
“There are people diligently working to create algorithms for Trump’s tweets, and if he continues to increase the size of the data set then we’ll likely see full automation sooner than later,” Zachary David, a senior analyst at KOR Group, told Politico.
Holy freaking crap, Batman! Market movers to watch: new jobs data, quarterly GDP, interest rates, Trump Tweets. Just shoot me now.

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