Content Deep Dive
Can Podcasts Predict the Stock Market?
Blog post from AssemblyAI
Post Details
Company
Date Published
Author
Yujian Tang
Word Count
3,220
Language
English
Hacker News Points
5
Summary
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.