Amazon turned in an impressive set of results on Tuesday after the closing bell on Wall Street, but that was overshadowed by the company’s announcement
Day: February 2, 2021
Lingering Roadblocks
Lip service to bipartisanship aside, the White House is not enamored with the notion of watering down Joe Biden’s stimulus plan. While words like “cordial”
WallStreetBets Helps $3.1 Billion Hedge Fund Make $200 Million
Last month was a good one for retail investors long GameStop and AMC, either outright or via upside optionality. Last month was also a good
You’re Drunk, WallStreetBets. Go Home
On a number of occasions over the past week, I’ve alluded to the distinct possibility that while furious rallies in stocks touted on Reddit and
As Gravity Comes For Reddit Trades, Market’s Focus Shifts
The pain trade for stocks is probably higher. And by “stocks,” I mean real stocks. For all the fanfare, last week’s tumult looks to have
Europe Stares Vacantly At Double-Dip Recession
In news that, unfortunately, market participants hooked on get-rich-quick schemes won’t care too much about, the European economy officially contracted in the fourth quarter. That
Back To Normal
A sense of normalcy returned to markets Tuesday, assuming you accept that “normal” entails inexorably rising benchmarks, bolstered by the prospect of more stimulus for
