According to a study by U.S. investment bank JPMorgan, Donald Trump's impact on the market through social media posts has decreased since his reelection compared to his first term in office. The study revealed that only 10% of Trump's recent posts on significant subjects like trade tariffs, foreign relations, and economics influenced currency markets.
Although the frequency of impactful posts has increased recently, especially with over 20 posts related to key issues in a single week, it remains lower than his peak during the trade disputes of 2018-19. JPMorgan noted that posts on tariffs had the most significant market impact, with about a third of them causing notable fluctuations.
Among notable effects, Trump's post about implementing emergency measures on Mexico and Canada resulted in over 2% and 1% drops in Mexico's peso and Canada's dollar, respectively. Posts concerning China had mixed effects, causing both dips and rises in the yuan based on the content and tone.
While analyzing Trump's posts, JPMorgan's analysts concluded that trading based on these posts did not yield significant profits. They suggested that even under favorable conditions, gains were limited to about 4%.
Despite the decrease in market-moving social media activity, Trump maintains regular direct communication with journalists from the Oval Office, engaging in almost-daily question-and-answer sessions.