Commentary Populism investing is here in a very big way, and Wall Street is not happy about it. What happened? Gaming GameStop Hedge funds have been heavily shorting GameStop (GME) stock this month. That means that they believed GME would fall in price. Savvy hedge fund managers at Melvin Capital and other Wall Street money…
The Larger Impact of the GameStop Investor Wars
Commentary Investors and observers alike have been watching the incredible price movement and volatility escalation of the retail gaming company GameStop (GME). On Jan. 11, the stock closed just under $20 per share. On Jan. 28, it traded as high as $450 per share intraday and closed at $193.60. The stock is currently trading around…
Clown World Finance
Commentary The recent blowup of GameStop shares has revealed, if anyone was still doubting, that the center of clown world is not Washington, D.C., nor Silicon Valley—but Wall Street. To be clear, this is not meant to refer to the gallant band of redditors from r/wallstreetbets—those few, those happy few, that band of brothers who,…
Wait ‘Til Next Year
Commentary As a young Wall Street investor early in my career, I saw the now-infamous 1987 market crash coming. Stock prices were trading at levels that were detached from reality, and I sensed disaster coming. I moved quickly to get my clients out of the market, and they, in turn, were able to avoid this…
US Shale Producers Lock in Future Sales as Oil Prices Rise to One-Year High
NEW YORK/HOUSTON—U.S. shale producers are taking advantage of the oil market’s rally to levels not seen in nearly a year by locking in prices for future sales, sources familiar with the matter said. U.S. crude futures this month jumped above $50 a barrel to the highest since February. The rally has sparked optimism among shale…
After Golden Year for Precious Metals, Silver Set to Shine in 2021
January 4, 2021
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After a spectacular year, precious metals are set for further gains in 2021, with silver tipped to outperform, but analysts are growing more cautious about the prospects for gold as the global economy recovers from the impact of the coronavirus. The pandemic triggered stockpiling by investors looking to protect their wealth. This, alongside supply deficits,…
US Stocks in 2020: A Year for the History Books
January 4, 2021
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Businesseconomic recoveryEconomieseconomyFederal ReserveIPOsMarketsS&P 500stock markettreasury yieldsU.S. economyUS
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NEW YORK—The year 2020 was a wild one for Wall Street, bookended by the end of the longest bull market in history with the battering of equities by the COVID-19 shutdowns, and a bungee-cord rebound on hopes for economic recovery that resulted in the shortest bear market on record. After closing at a record high…
Volatile Markets End 2020 Strong With Vaccines, Stimulus in Sight
Global commodity markets ended 2020 on a strong note, with recovering demand and widespread stimulus packages buoying prices after a roller coaster ride caused by the global coronavirus pandemic. Rollouts of vaccines to combat the virus and trillions of dollars’ in fiscal support are expected to boost investment and spending in 2021, spurring demand for…
Volatile Commodity Markets End 2020 Strong With Vaccines, Stimulus in Sight
Global commodity markets ended 2020 on a strong note, with recovering demand and widespread stimulus packages buoying prices after a roller coaster ride caused by the global coronavirus pandemic. Rollouts of vaccines to combat the virus and trillions of dollars in fiscal support are expected to boost investment and spending in 2021, spurring demand for…
Markets Eye High-Stakes Georgia Election, Joint Session of Congress
WASHINGTON—The stock market ended the turbulent year of 2020 at all-time highs despite the coronavirus pandemic and resulting economic recession. With 2021 underway, the political events of the first week will set the tone for the new year as they have important implications for the political landscape and the markets going forward. The focus will be on the…
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