Page 35 - Carson Block News Today

Shares surged again, before crashing back to earth.

Us and them XLFleet is being sold on a "blue-sky" story, with exponential growth in sales estimates, Block said, justified by a $1.4 billion sales estimate in 2024 that he called "a joke." In talking to former employees, the hedge fund has found this estimate has been created using an order backlog worth $200 million, he said. "That backlog is greatly misrepresented. I mean maybe even to the point where you call it an outright lie," he said, adding: "We can extrapolate that this $1.4 billion is...

Fed policies spark more concerns over market collapse As money continues to pour into Wall Street, sending the three major markets indexes—the Nasdaq, the Dow and the S&P 500—to new record highs at the end of last week, there are mounting warnings that the lights are flashing red, signalling that the speculative bubble may soon burst, with major consequences. The warnings come from within sections of the financial elite, as well as from financial analysts and media commentators, who are fea...

5 Min Read LONDON (Reuters) - From cat food to cannabis, it’s boom time for quirky ETFs offering the chance to punt on niche themes in fast-growth sectors, but their huge gains are unnerving some who see them as another price-inflated asset that may threaten market stability. FILE PHOTO: A statue of a girl facing the Wall St. Bull is seen in the financial district in New York, U.S., March 7, 2017. REUTERS/Brendan McDermid/File Photo While Reddit “gamestonks” have grabbed recent headlines,...

LONDON: From cat food to cannabis, it’s boom time for quirky ETFs offering the chance to punt on niche themes in fast-growth sectors, but their huge gains are unnerving some who see them as another price-inflated asset that may threaten market stability.

Synopsis While Reddit "gamestonks" have grabbed recent headlines, retail investors are also credited with large flows into exchange-traded funds - basically a tradable basket of shares - swelling their assets by more than $1 trillion last year, according to Refinitiv. Reuters And growth has been especially notable in ETFs that aim to harness returns from themes that capitalise on societal and economic trends, from space travel to pet care, and marijuana to medical tech. LONDON: From cat food to...

Carson Block: Cheap money leading to excessive speculation contributed to the 1990s dotcom bubble, the 2000s housing bubble and now the stonk bubble

Jobless claims worse than expected as pandemic-related filings surge (SPY +0.2%). DOW records new historic high then slips to the unchanged line. Here is the current market situation from CNN Money North and South American markets are mixed today. The Bovespa is up 1.09% while the S&P 500 gains 0.18%. The IPC is off 0.46%. What Is Moving the Markets Here are the headlines moving the markets. IEA: OPEC+ To Further Ease Cuts Amid Quickly Drawing Oil Stocks While the oil market rebalancing look...

Shares of Tesla (NASDAQ: TSLA) are trading over 7% higher in February after attracting attention of the crypto community following the purchase of $1.5 billion in Bitcoin. Fundamental analysis: BTC investment ‘positive for the stock’ Tesla also announced it will start accepting crypto payments, according to the carmaker’s filing with the U.S. Securities and Exchange […]

This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Investor Carson Block says hes had to trade more frequently to fight the risk of short squeezes. Block says more investors are making trading decisions based on technical, not fundamental, factors. He says that means he has to be willing to take losses and try again. Short-sellers faced a new reality the last few weeks as retail squeezes became a threat they c...