NewTrump’s tweets move markets: now investors can get fair warning via new app
Trump Triggers alert users to tweets from the US president elect that mention stocks in their portfolios via mobile phone
Global investors have been on a roller coaster ride for a year, ever since Donald Trump’s Twitter account redefined the way he conducted a presidential campaign, his subsequent policy musings, and quite possibly his future presidential pronouncements.
As he has shown in multiple occasions, Trump’s tweets – especially those aimed at publicly traded companies – can move markets, and wipe out billions of dollars through 140 simple characters.
Now a new app has come to investors’ rescue, or at least alert them that a tweet has been sent.
Trigger Finance, founded in June 2016 by a former JPMorgan trader, was originally a simple tool that helped users monitor potentially market-moving real world events. It rolled out an enhancement called Trump Triggers on January 3 to monitor the musings of the American “Twitterer in Chief”.
For now, the new tool is getting lukewarm reception from brokers.