Trump mentions Thermo-Fisher (TMO) in his speech today.
Reaction in the stock market:
Within seconds there was a news entry, and the algorithms went wild.
It’s amazing to think that short-term traders are competing against machine-language transcriptions and language parsers to make trading decisions. If this is any indication that being a human being is a competitive disadvantage in short-term trading, I don’t know what is.
You can also look at Virtu’s (VIRT – Nasdaq) trading history, skimming micropennies in high frequency trading, and realize that you stand zero chance in the short term.