With his millions of Twitter followers and upcoming inauguration to the most powerful job in the world, Trump presents challenges and opportunities that Wall Street has never seen before. Traders not only have to monitor the president-elect’s every word, they also have to follow his Twitter feed. Some are already crafting strategies to cash in on the president-elect’s penchant for bashing individual companies.
“This is a new type of risk, call it presidential tweet risk,” said Jack Ablin, chief investment officer at BMP Private Bank. “And it’s the largest companies that enjoy a global supply chain, relatively low tax rate and have marshaled Washington to their benefit that seem to be at the most risk. But everyone now has to keep their Twitter feed right next to their Bloomberg terminal.”
via Traders scheme to cash in on Trump tweets – POLITICO
