Need insights for your next trade? Check out Instagram for data

Investors are turning to social media and transport data to see if citizens are taking the threat of the virus seriously. — AFP Relaxnews

In a sign of just how bewildering a pandemic of this magnitude has been for investors, they’re turning to social media and transport data to see if citizens are taking the threat of the virus seriously.

They’re looking at Instagram posts, Twitter and other platforms, and seeing the public enjoying meals at restaurants in Swedish ski resorts, concerts in Britain when the government called for social distancing and commuters packed into public transport despite lockdowns. They’re also examining traffic and GPS data for insight into whether people are staying at home.