RoboStreet – January 28, 2021 Shake Out Or Fake Out? Wednesday’s steep sell-off followed by Thursday’s sharp rebound is a flashpoint for markets that have enjoyed a smooth ride to all-time highs. When volatility enters the fray, then...
Read MoreSeveral online brokers, including Robinhood and Interactive Brokers, have restricted trading of GME and AMC due to the recent mania in those stock prices. At best this is a bad look that plays into the accusations of the WallStreetBets crowd,...
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FED keep interest rates unchanged U.S. Markets slumped today following the latest comments from Fed Chair Jerome Powell as the Federal Open Market Committee decided to keep interest rates unchanged while Powell stressed the potential for a long...
Read MoreThe short squeeze saga continues to dominate not just financial headlines but also moving into the mainstream as Gamestop (GME) shares surged another 150% yesterday, apparently forcing several large hedge funds to close their short positions for...
Read MoreThe tale of Gamestop’s (GME) quickly becoming legendary with its stock surging over 180% to an intraday high of $159 prior to settling back at $76 per share — gaining over 260% in the past three weeks. This is also a cautionary tale as...
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U.S. markets are modestly trading higher today After major banks returned better than expected earnings results last week which helped U.S. benchmarks record weekly gains, U.S. markets are modestly trading higher today. The S&P and Nasdaq...
Read MoreAs I write this just after the market opened the Dow is down by triple digits, the S&P has fallen off, and the Nasdaq is up over a full point. The WSJ reported that the price action in the Nasdaq is based on the expected earnings from some...
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