Markets, a truth social post every day, is up to 5% or low every day, says JPMorgan portfolio manager

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• President’s social media posts According to a JPMorgan portfolio manager, it may be more important than real economic data. Note: The 90-day tariff privileged period, the post of Trump’s post, which announces the Exchange of the Exchange and sent shares to punish the head of the Central Bank. However, the information is also markets and moves.

The market changes, feels like a new normal.

However, the social media of the president may have more impact on the first cycle, but more of real economic information.

“A truth is a truth far from 5% to or down every day,” JPMorgan Portfolio Manager Bill Eigen gossip Friday morning in CNBC, went out before the April’s job report. “Information is almost secondary at this point.”

For example, stocks puff Last month, President Donald Trump’s Federal Reserve Department Jerome Powell’s termination could not be faster and criticized the head of the Central Bank.

To avoid notification, it increased when the markets announced the 90-day tariff discount period To talk to trade deals through social media. Some of the previous cotton followed a similar whip after some of the recipes in the tariffs. Bloomberg declare Some investors accepted a 72-hour rule for the president’s social media posts, where three days before, they acted to see if something returned three days ago.

In February, a JPMorgan study trump sent less market moving recordings for the first time. Still, 10% of what he sent has caused market movement and began to recieve declare. The White House did not respond to a request for comment; JPMorgan did not comment.

Trump even before I swear, he was push Currencies around them through social media messages. After re-election last year, after re-election, the tariffs for everyone in Mexico and Canada, the Canadian dollar and Mexican peso later weakened against the dollars behind the threat.

Uncertainty, which is restarted by Trump, re-tariff policy, the markets volatile since the selected. Again, perhaps not all bad. Eigen, in mid-April, said that JPMorgan assets called “entertaining” and sitting on liquidity. But there is more variability ahead.

“This is the problem we are busy … the right way is very often tortious,” he said. The management wants to do trading deals, “But I don’t think the market is not tortured yet,” he said.

The information still moves the markets to be clear. Stock exchanges welcomed the better expected business report showing employers Employed continuouslyAnd the unemployment rate was unchanged.

The S & P increased 500, 1.51%, Half 1.67%, and Dow Increased by 1.38% while writing. Markets on the other hand roar In the beginning of this week, the declaration of the gross domestic product.

This story was first displayed Fortune.com

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