Can Podcasts Predict the Stock Market?
What's this blog post about?
The study explores whether negative events in news podcasts can predict the stock market. It uses AssemblyAI's automatic speech to text transcription API to transcribe audio files of two prominent news podcasts, The Daily and Up First, and then calculates their negativity ratings. The results suggest that on days with exceptionally bad news (negativity rating over 0.7), a dip in the stock market can be expected within the next 1-3 days.
Company
AssemblyAI
Date published
Sept. 2, 2021
Author(s)
Yujian Tang
Word count
3220
Hacker News points
5
Language
English