ChatGPT-generated Financial News Sentiment and NASDAQ Returns
May 2, 2024 - Investing Expertise, Sentiment Indicators
Can ChatGPT extract market sentiment from financial news that is useful for timing equity markets? In their April 2024 paper entitled “Sentiment Analysis of Bloomberg Markets Wrap Using ChatGPT: Application to the NASDAQ”, Baptiste Lefort, Eric Benhamou, Jean-Jacques Ohana, David Saltiel, Beatrice Guez and Thomas Jacquot use ChatGPT to assess whether daily Bloomberg Global Markets Wrap,… Keep Reading