A backtest over May-August 2024 claims that adding GPT-2 and FinBERT news sentiment to technical indicators improves S&P 500 trading returns, with a best reported return of 5.77%.
Using financial news sentiment for stock price direction prediction
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Enhancing Trading Performance Through Sentiment Analysis with Large Language Models: Evidence from the S&P 500
A backtest over May-August 2024 claims that adding GPT-2 and FinBERT news sentiment to technical indicators improves S&P 500 trading returns, with a best reported return of 5.77%.