Economy & PolicyExtended setexperimental liveNew

Congressional Speech Tone

Updated dailyData needs: mediumlong only
JF
2013
Journal of Finance
Cohen-Diether-Malloy 2013 (Twitter-style attention) adapted to GPO Congressional Record.
Citation only, paper link pending.

In plain terms

When Congress speaks unusually much in one day, we test whether the burst itself moves any sector the next 5-20 days.

How it works

Daily count of substantive speech turns (>=50 words) on the House+Senate floor, broadcast as a daily z-score over 252d. On legislative-activity-spike days, the market sometimes reacts at the sector level (defense, energy, healthcare). Substrate gates surface where attribution lives.

Live results

0 times picked on its own · 24 times inside a blend (21 beat the stock) · updated 2026-07-06
This strategy is a frequent ingredient in blends that combine a few strategies on one stock. It has contributed to 24 such blended picks (21 of which beat simply holding the stock). Picking it on its own is only one of the ways it shows up.
How its picks scored vs. buy & hold
Each pick is graded on a recent year it was never tuned on, against simply owning the same stock
Where its edge concentrates
Share of picks in each company-size group that beat buy & hold
How often it trades
Active vs. patient. Bars on the left mean it waits for rare setups; bars on the right mean it trades often
Return vs. buy & hold
How much each pick beat or trailed simply owning the stock over the test year (extreme microcap moves trimmed)
Loading substrate evidence…

Data dependencies

  • Daily prices

    Adjusted-close OHLCV for every US-listed ticker; primary price feed.

  • Political posts

    A data feed this strategy reads, refreshed on its normal schedule.

Expected edge

Tested over
decades (GPO CREC)

Weak broadcast signal — substrate gates likely filter to 5-20 reactive sectors.

Related families

Explore Congressional Speech Tone on alphactor.ai

See which tickers this family is currently firing on, with live signals and rankings.

For informational and educational purposes only. Not financial advice. Learn more