EVENT-STUDY BACKTEST

Market Movers

Who moves markets with a post — and whether the tape agrees

the signal tapealigned attention, decayed daily → /signals
MU

▲ bull

0.02signal

aligned

last 2026-07-08

post trump 2026-07-01 +0.014 · trade Sheldon Whitehouse 2026-07-08 +0.000

NVDA

▼ bear

2.34signal

last 2026-07-08

trade Sheldon Whitehouse 2026-07-08 -1.149

AAPL

▼ bear

2.30signal

last 2026-07-08

trade Sheldon Whitehouse 2026-07-08 -1.149

IEI

▼ bear

1.07signal

last 2026-06-16

trade John Boozman 2026-06-16 -0.535

CSX

▼ bear

1.00signal

last 2026-07-16

trade Tommy Tuberville 2026-07-16 -0.997

jehoshaphat

19.6%

MEAN |AR| DAY 0

dir 19.6% · hit 100%

muddy-waters

19.2%

MEAN |AR| DAY 0

dir 19.2% · hit 100%

ackman

13.1%

MEAN |AR| DAY 0

dir 13.1% · hit 75%

fuzzy-panda

8.3%n.s.

MEAN |AR| DAY 0

dir 8.3% · hit 80%

musk

5.6%

MEAN |AR| DAY 0

dir 5.5% · hit 80%

trump

3.7%

MEAN |AR| DAY 0

dir 2.0% · hit 53%

burry

2.8%

MEAN |AR| DAY 0

dir 2.8% · hit 67%

hindenburg

2.3%n.s.

MEAN |AR| DAY 0

dir 2.3% · hit 100%

RANKINGS

Raw moving power, day-0 abnormal return

figuren / clean|AR| day 0dir w4dir w13
jehoshaphat1 / 119.6%11.2%
muddy-waters3 / 319.2%17.9%59.0%
ackman4 / 313.1%-1.1%2.0%
fuzzy-panda5 / 58.3%19.5%44.7%
musk5 / 55.6%2.0%-0.5%
trump17 / 153.7%6.6%3.7%
burry3 / 32.8%12.3%24.8%
hindenburg1 / 12.3%-2.8%48.1%

DIRECTIONAL CAR BY WEEK

Does the implied move persist, revert, or grow?

EVENT LOG

Every studied post, most recent first

datefiguretickercallday-0 ARdir w4concurrenceflags
2026-07-01trumpMUbullish-11.52%
▲ 52/93 go
11 miss
2026-06-18muskTSLAbullish-0.14%-0.7%
▲ 13/93 go
44 miss
2026-06-16jehoshaphatGILbearish-19.59%11.2%
▼ 11/93 go
57 miss
2026-06-11muddy-watersENSGbearish-3.09%-11.4%
▼ 67/93 go
14 miss
2026-06-10fuzzy-pandaTEbearish-5.65%15.2%
▼ 29/93 go
35 miss
2026-05-08trumpDELLbullish10.51%43.9%
▲ 62/93 go
9 miss
2026-04-20fuzzy-pandaFRMIbearish-17.14%-7.6%
▼ 29/93 go
34 miss
2026-04-10trumpPLTRbullish-1.50%-9.7%
▲ 10/93 go
62 miss
2025-11-04burryNVDAbearish-2.13%15.2%
▼ 11/100 go
67 miss
2025-11-04burryPLTRbearish-6.42%21.8%
▼ 7/23 go
15 miss
2025-10-31burrySPYbearish0.00%0.0%
2025-10-30fuzzy-pandaEOSEbearish0.17%11.6%
▼ 30/93 go
36 miss
2025-10-10fuzzy-pandaRCATbearish-4.47%55.8%
▼ 10/93 go
61 miss
2025-10-10trumpSPYbearish0.00%0.0%
2025-09-15muskTSLAbullish2.57%8.6%
2025-08-12trumpINTCbullish4.09%15.1%
▲ 18/93 go
44 miss
2025-08-07trumpINTCbearish-3.01%-16.4%
▼ 50/93 go
11 miss
2025-08-04trumpAEObullish19.41%20.8%
▲ 38/93 go
20 miss
2025-07-17trumpADMbearish-1.25%-6.6%
▼ 21/93 go
38 miss
2025-07-07muskTSLAbearish-5.29%-0.1%
2025-06-23muskTSLAbullish6.00%-6.7%
2025-06-05muskTSLAbearish-13.99%9.0%
2025-05-23trumpSPYbearish0.00%0.0%
2025-05-23trumpAAPLbearish-2.14%2.8%
▼ 48/99 go
15 miss
2025-05-19trumpWMTbearish-0.28%6.8%
▼ 16/93 go
48 miss
2025-04-21trumpSPYbearish0.00%0.0%
2025-04-17ackmanHTZbullish36.14%-19.1%
▲ 70/93 go
11 miss
2025-04-15trumpNVDAbullish2.13%-4.4%
▲ 24/94 go
37 miss
2025-04-09trumpSPYbullish0.00%0.0%
90-day tariff pause announcement on 2025-04-09
2025-04-09trumpDJTbullish-1.59%23.8%
▲ 12/93 go
62 miss
90-day tariff pause announcement on 2025-04-09
2025-04-07ackmanSPYbearish0.00%0.0%
90-day tariff pause announcement on 2025-04-09
2025-03-27muddy-watersAPPbearish-22.55%26.5%
▼ 27/94 go
36 miss
2025-03-11trumpTSLAbullish5.84%29.8%
2025-02-26fuzzy-pandaAPPbearish-14.24%22.4%
▼ 36/93 go
30 miss
2025-02-07ackmanUBERbullish7.32%16.1%
▲ 53/93 go
12 miss
2025-02-03trumpSPYbearish0.00%0.0%
2025-01-15muddy-watersFTAIbearish-32.01%38.6%
▼ 13/93 go
48 miss
2025-01-13ackmanHHHbullish8.83%-1.4%
▲ 13/93 go
69 miss
2025-01-02hindenburgCVNAbearish-2.31%-2.8%
▼ 59/93 go
20 miss
legend
AR
abnormal return — the day's actual return minus the market-model expected return
|AR|
size of the abnormal return, direction ignored
CAR
cumulative abnormal return — daily ARs summed over a horizon
dir
directional CAR — CAR signed by the post's call; positive means the market moved the post's way
w1 / w4 / w13
1-, 4- and 13-week horizons, 5 trading days per week
call
the post's implied direction — bullish or bearish
hit rate
share of events whose day-1 move went the post's way
p
placebo p-value — share of random-date re-runs of the same events that match or beat the observed statistic
significant — p < 0.05 vs random-date placebos
n.s.
tested against placebos, not significant (p ≥ 0.05)
n / clean
all scored events vs events with no confounding corporate news near the date
confounded
event overlapping earnings, a split or similar corporate news — flagged and excluded from the clean count