Managing Director

Elan Gore

TMI Data Science

TMI Data Science utilizes Natural Language Processing to build custom leading indicators using unstructured data sourced from the global financial, trade & traditional media.  Our proprietary software, TMI Machine, is a text-mining platform designed with the buy-side & capital markets professional in mind, text-mining the global media to discern and quantify nuanced qualitative shifts in press coverage as they apply to macroeconomics, equity indexes/ETFs, commodities, currencies, fixed income & individual equities.  TMI provides custom leading indicators and systematic trading strategies, operating at the nexus of linguistics & statistics drawing on vast experience in investment banking and hedge fund settings in senior quantitative and fundamental roles.  

TMI Data Science was founded by Elan Gore, an award-winning Senior Global Basic Materials Equity Analyst & China Economist with 15 years of experience in North American hedge funds & institutional managers; and Alessandro Porrino, Ph.D., an Algorithmic Trading Analyst and Programmer with 10 years of front-office experience ranging from complex FX option pricing to auto-hedging strategies at Bank of America Merrill Lynch and Standard Chartered.  Mr. Gore holds an MBA in Finance from New York University Stern School of Business, and Mr. Porrino holds a Ph.D. in Systems Engineering from Brunel University London.

Cross Asset Strategy

Multiple Countries / Cross Asset Strategy

<ul>
<li>On June 26, an official with the China National Development and Reform Commission (NDRC) suggested the coal price rally has run its course and is likely to see downward pressure in July on improved mine supply, higher imports and higher hydro &amp; solar power generation</li>
<li>This followed June 17 NDRC comments that the power crunch has started to ease with the arrival of the rainy season, after extreme tightness in coal availability required power rationing across multiple provinces in May-June for the second time in 6 months</li>
<li>Our text mining suggests reporting on coal shortages and power outages in key provinces peaked in the second week of June and has pulled back since, leading coal equities</li>
<li>With the cryptocurrency mining crackdown freeing up 21% of power supply in Xinjiang, 5% in Sichuan, 4% in Yunnan and 3% in Inner Mongolia, it appears the NDRC's near-term coal guidance may be credible</li>
<li>Ahead of Friday's June Non-Farm Payrolls release, we see outright declines in US reporting on labor shortages, signs of sequential improvement in temp employment, and renewed momentum in job postings</li>
<li>In Europe, we see continued elevated sentiment on the labor market, but reports of labor shortages are starting to surface; this week, the German IAB Labor Barometer, based on a survey of staffing agencies, hit its highest level since 2008 inception</li>
</ul><div class="content-highlight"><p>TMI Data Science utilizes Natural Language Processing to build custom leading indicators using unstructured data sourced from the global financial, trade &amp; traditional media. Our proprietary tools text-mine the global media to discern and quantify nuanced qualitative shifts in press coverage as they apply to macroeconomics, equity indexes/ETFs, commodities, currencies, fixed income &amp; individual equities. </p></div>


On June 26, an official with the China National Development and Reform Commission (NDRC) suggested the coal price rally has run its course and is likely to see downward pressure in July on improved mine supply, higher imports and higher hydro &amp; solar power generation
This followed June 17 NDRC comments that the power crunch has started to ease with the arrival of the rainy season, after extreme tightness in coal availability required power rationing across multiple provinces in May-June for the second time in 6 months
Our text mining suggests reporting on coal shortages and power outages in key provinces peaked in the second week of June and has pulled back since, leading coal equities
With the cryptocurrency mining crackdown freeing up 21% of power supply in Xinjiang, 5% in Sichuan, 4% in Yunnan and 3% in Inner Mongolia, it appears the NDRC's near-term coal guidance may be credible
Ahead of Friday's June Non-Farm Payrolls release, we see outright declines in US reporting on labor shortages, signs of sequential improvement in temp employment, and renewed momentum in job postings
In Europe, we see continued elevated sentiment on the labor market, but reports of labor shortages are starting to surface; this week, the German IAB Labor Barometer, based on a survey of staffing agencies, hit its highest level since 2008 inception
TMI Data Science utilizes Natural Language Processing to build custom leading indicators using unstructured data sourced from the global financial, trade &amp; traditional media. Our proprietary tools text-mine the global media to discern and quantify nuanced qualitative shifts in press coverage as they apply to macroeconomics, equity indexes/ETFs, commodities, currencies, fixed income &amp; individual equities. 

TMI Snapshots:  NDRC Coal "Guidance", NFP Preview, European Labor Strength