Can Twitter Images Predict Price Action During FED Announcements?

Quantpedia
Nov 14, 2024

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Do the quants possess a crystal ball? The recent research hints, that if we try to process the Twiter images, then we may get a small glimpse into the future. The Federal Open Market Committee (FOMC) meetings significantly influence financial markets, drawing global attention from traders and investors, especially regarding equity risk premia. Recent research indicates that combining sentiment analysis of Twitter images with text analysis can more accurately predict stock performance on FOMC days than text alone.

https://quantpedia.com/can-twitter-images-predict-price-action-during-fed-announcements/

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Quantpedia
Quantpedia

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