Illustration by Robert Connolly

President Donald Trump’s frequent Twitter posts move the stock market—but not for very long, according to an analysis of 14,000 of his tweets.

Investors probably remember the plunge in stocks in early August after Trump announced—through a series of tweets—that he planned to place 10% tariffs on $300 billion worth of imports from China, in addition to the $250 billion already subject to levies. The S&P 500 fell 0.9% that Thursday and tumbled almost 3% the next Monday as the Chinese yuan fell against the dollar and optimism over trade gave way to pessimism.

“Our representatives have just returned

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