To identify market moving events, we've built a web crawler that scans hundreds of financial sites and blogs.
The technology scans for word frequencies, and quantifies trending topics making headlines on mainstream sites likes CNBC, Bloomberg, Reuters, and MarketWatch. The crawler also analyzes news topics discussed on blogs likes ZeroHedge, The Big Picture, and Seeking Alpha.
Here is a summary of recent trends we've identified during our most recent scan of financial media.
Hot Topic No. 1: Iran
Contextuall's news monitoring systems have detected an unusually high volume of mentions related to Iran. During the most recent scan, our systems detected a phrase frequency of 368 mentions of Iran, well above the weekly average of 109.75 mentions per scan.
Most of the coverage has been focused on Iran's willingness to allow nuclear inspectors to inspect its atomic energy program, easing concerns that a military showdown might disrupt supplies.
"The Iran agreement is certainly a positive step and is likely to result in continued relaxation of the Iran fear premium," said Kyle Cooper, director of commodities research at IAF Advisors in Houston.
Hot Topic No. 2: The Housing Market
During our most recent news scan, the frequency of phrases related to "housing market" spiked to 415, well above the average phrase frequency per session of 292.375 recorded between May 10 and May 21.
CNBC's Diana Olick published a post suggesting that investors are showing extreme caution in buying distressed properties, while several publications offered coverage on the most recent batch of (positive) housing data.
If history is any guide, the more the housing market improves, the better the stock market performs, said Dan Greenhaus, chief global strategist at the brokerage BTIG.
Hot Topic No. 3: India
Contextuall's news monitoring systems have detected an unusually high volume of mentions related to India in the past few days. During the most recent scan, our systems detected a phrase frequency of 302 mentions for India, well above the weekly average of 281.625 mentions per scan.
"India's mounting economic and political woes are prompting market players to raise the specter of a Greek-style crisis in Asia's third largest economy," writes Reuters.
Most Commented: 3 Popular Articles on the Web
Contextuall also scans the comment sections of various financial sites. After crunching the numbers, we've identified a list of articles seeing unusually high levels of commenting:
- ZeroHedge: "G-8 Caption Contest" (377 comments)
- Daily Finance: "Why Facebook's Falling Share Price Really Doesn't Matter" (229 comments)
- ZeroHedge: "One Epic Chinese Bubble - One Chart" (226 comments)
What topics are you watching? Let us know in the comment section below.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.