JPMORGAN’S “VOLFEFE” INDEX

The bond market roared higher last month, sending yields down notably after President Donald Trump pledged to impose tariffs on all remaining Chinese imports, all the while ranting on Twitter. So what are his tweets really doing for U.S. rates markets? That is what J.P. Morgan’s Volfefe Index, a play on the Trump “covfefe” typo from two years ago, aims to find out. Trump’s influence on the U.S. markets is undeniable, an index aimed to analyzing it seems like a reasonable idea.