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
Timothy Graham receives funding from the Australian Research Council for the Discovery Project "Understanding and Combatting 'Dark Political Communication'", from the Universities Australia-German Academic Exchange Service Joint Research Cooperation Scheme, and from Meta Platforms Technologies.
Ella Chorazy receives funding from the Australian Research Council (ARC), for the Discovery Project 'Understanding and Combatting "Dark Political Communication"'.
Stephen Harrington receives funding from the Australian Research Council, for the Discovery Project 'Understanding and Combatting "Dark Political Communication"', and for the Discovery Project "Understanding Twenty-First Century Media Uses and Purposes".
