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When Shorted Stocks Stand Tall Markets had a pullback this week despite a concerted effort by retail investors on the subreddit “Wall Street Bets” to create a short squeeze in heavily shorted names. The highest 50 short interest names in the Russell 3000 have gone parabolic. The short covering, or buying of high short interest […]
[AP] Biden, Democrats hit gas on push for $15 minimum wage [Yahoo News] ‘A wakeup call’: How resilient new coronavirus variants could prolong the pandemic [MSN/LA Times] New clinical trials raise fears the coronavirus is learning how to resist vaccines [Reuters] Analysis: A tulip by another name? ‘Gamestonk’ and the case for investor caution [Reuters] […]
Yet another week for the history books. For posterity: GameStop gained 400%, AMC Entertainment 278%, Express 235%, Siebert Financial 122%, Cel-Sci 75%, Novavax 74%, Vaxart 68%, Fulgent Genetics 60%, Vir Biotechnology 59%, National Beverage 54%, and Fossil 47%. Ominously, the VIX Index spiked to almost 38. Retail vs. the Hedge Funds. David vs. Goliath. Main […]
[Yahoo/Bloomberg] Stocks Drop; Treasury Yields Rise: Markets Wrap [Yahoo/Bloomberg] GameStop Surges in Premarket as Some Trading Restrictions Lifted [CNBC] Bitcoin spikes 20% after Elon Musk adds #bitcoin to his Twitter bio [Yahoo/Bloomberg] Oil Holds Steady Amid Economic Data Boost, Fears Over Demand [Reuters] U.S. consumer spending falls for second straight month in December [Reuters] U.S. […]
Gold in rising channel as silver looks to test August 2020 highs once again. Gold Silver ratio nearing 70 as a potential platinum short term correction could coincide with an equities market turn down. Thank you for listening to Golden Rule Radio. If you enjoy be sure to subscribe to our YouTube channel for weekly […]
[Yahoo/Bloomberg] U.S. Stocks Gain After Jobless Claims Dip: Markets Wrap [Reuters] Stocks soured by Wall Street sell-off and ‘vaccine nationalism’ [Reuters] Souring sentiment lifts dollar, knocks risk currencies [CNBC] Fourth quarter GDP increased 4.0% vs 4.3% estimate [CNBC] Jobless claims rise less than expected at 847,000 first-time applicants [CNBC] The Federal Reserve doesn’t see risks […]
[Yahoo/Bloomberg] U.S. Stocks Slump in Risk-Off Mood; Dollar Rises: Markets Wrap [Reuters] China money rates hit 21-month high on holiday demand, policy tightening worries [Reuters] Dollar edges before Fed meeting, euro slips [Reuters] GameStop stock doubles again with no let-up in amateur interest [CNBC] AMC shares quadruple as retail investor raid of hedge fund short […]
Momentum Investing Counts On Greater Fool Theory. The Wait Can Be Lonely But Buying Value Pays. Violent Rotations In the Market Can Create Risks Or Opportunities. The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick Is Value Investing Dead? January 27, 2021 The McAlvany Weekly Commentary, covering monetary, economic, and geopolitical news events. […]
