Talking Trump, Twitter & More at STAC’s Mid-Winter Meeting

The “Trading Under Trump” panel attracted a packed room of conference attendees
  • The panel mostly agreed that Trump’s “tweetstorms” are powerful in moving markets, but that the tweets’ power will lessen over time, as the world becomes more accustomed to his messages and learns how to “read” them. (It’s also possible that, as president, there will be a tighter rein on his account.)
  • Michael Lev made an interesting point that Trump is just the latest in a long line of presidents and presidential candidates effectively using new communications technology to their benefit — it’s really not much different from FDR using radio for his “fireside chats,” or JFK utilizing television’s power to defeat Nixon.
  • While there will be numerous industries affected by Trump’s presidency, the panel was most interested in the energy market. Oil could be particularly affected by a shifting geopolitical landscape.
  • The panelists had a spirited conversation about Trump’s personnel appointments, especially his pick of Jay Clayton to be the new head of the Securities and Exchange Commission. In reaction to Clayton’s hinting that deregulation could be in the cards, Lanre Sarumi warned that empowering the “too big to fail” banks led to the financial crisis in ’08, and we should be careful not to make that mistake again.
Drew Mauck in action as the panel’s moderator

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store