cs.LGAug 19, 2026

Converting Expert Deliberation into Financial Signals Through A Context-Aware NLP Pipeline

Authors: Vivek Batra, Kristin Chen, Sanjiv Das, Samuel Judge, Harshad Khadilkar, Sukrit Mittal, Amir Nasrollahzadeh, Daniel Ostrov, 

Organizations: Franklin Templeton Investments Mumbai, India · Blend360 Columbia, USA · Santa Clara University Santa Clara, USA · Franklin Templeton Investments Boston, USA

Abstract

We introduce the CDSP (context-conditional deliberation signal pipeline), converting an investment committee's meeting transcripts into structured predictive features. CDSP segments the meeting transcripts into topical chunks, assigns asset-class context labels using a large language model (LLM), maps financial keywords to a pre-determined taxonomy of labels, and constructs complementary features: sentiment polarity and mention frequency. This feature engineering framework is applied to a dataset spanning 48 monthly committee meetings to predict if global equities will perform better or worse than global bonds in the following month. In experiments with engineered features, raw transcript text, sentence embeddings, and combined representations, the prediction accuracy ranges from 62% to 73%, compared to always choosing stocks, which outperforms bonds 60.4% of the time. The best (73% accurate) model combines sentence embeddings with engineered CDSP features, achieving a 0.73 F1 score (although this is not statistically significant compared to always choosing stocks). Sentiment carries a stronger signal than mention frequency for several taxonomy categories. These findings suggest that experts' deliberations may contain forward-looking information that context-aware NLP can extract.

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