Days when President Donald Trump tweets a lot are associated with negative stock market returns, Bank of America Merrill Lynch said Tuesday.
Bank of American says that "since 2016, days with more than 35 tweets by Trump have seen negative returns ."
If President Donald Trump wants to keep his strong stock market gains, he may want to stay off Twitter.tweets a lot are associated with negative stock market returns, Bank of America Merrill Lynch said Tuesday in a report. "Trade talk, political campaigning and tweets have contributed to volatility, from China to Fed policy to tax policy," she wrote. "And new tariffs announced in August indicate downside risk to our 2019/20 EPS growth forecasts of +2%/+7%, where indirect impacts from hits to corporate or consumer confidence could be significant."
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