Friendly reminder that "X market [up/down] as investors digest Y" is the cheapest and least useful form of reporting known to mankind.
“DOW down 300 points as investors worry about Russian aggression”
Next day:
“DOW up 300 points as investors re-assess the Russian aggression”
The financial world cracks me up. Dial in any earnings call to play the headwinds, tailwinds, double-down, as we continue to, can you add color to that?, etc bingo.
Morning: DOW down 300 points because of Fed decision
Evening: DOW up 300 points because of (same) Fed decision
Context: most financial analysts at places like Bloomberg are literally some of the lowest paid employees. Most of them never traded any financial market in their entire life, which is quite short since they tend to be in their 20s.
I take the contrarian stance - these headlines are for people that are busy on Wall Street. They just need to know quickly what+context, not what+how. what+how is the holygrail and no one is stupid enough to even complain about these headlines in the Financial world. It is a tidbit that is extremely useful.
You are right about what+context, buy you don't really need analysts for that, to tell you what market moved and what economic event happened before that.
Don’t need AI, just string concatenation and an array of sentence types to randomly choose from when the article cron job starts
Used bing’s API to search for certain macro market events and used stocktwits api to see which stocks moved the most and would make headlines and aggregate articles about those
which it would post to twitter
which would drive people to the no-login no-password app and subscription service (used ids based on in-app subscription ID or something else if using a browser)
which was all populated with algorithmic trades lol
turned it off because I didn't like updating all the APIs and compute instances as the services they relied on kept changing, but yeah self advertising self operating money printer
They take market movements and append the most relevant piece of news to that movement. If you track any stock closely you'll find your daily Motleyfool article "Why is XYZ stock is moving because of [most recent relevant news for that company]"
The article is usually one paragraph stating the stock movement and a summary of the most recent news. You can get the same summary for different movements due to the automation here.
Maybe not the most useful form of reporting.. but the least useful form known to mankind? After reading the article I think there's more to the analysis than just that.