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Goldman Sachs says Americans have added $1 trillion to money market mutual funds in the pandemic.
That means retail traders influence on the market should only grow in the months ahead.
Goldman says that money could continue to blow up big short bets, just like it did with GameStop.
The GameStop short squeeze and stock bonanza might have felt like a once-a-decade or once-in-a-lifetime event, but Goldman Sachs says it could happen again, and soon.
Even if there were many ways the social media-fueled frenzy in GameStop and AMC Networks and Bed Bath & Beyond was unique, many of its most notable ingredients are still there, according to Goldman Sachs. Chief among them are these two: There are a lot of big short bets on the market, and retail investors still have a ton of money.
Author Bio
Daniel W. Vena, CPA, CGMA is a long-term investor searching for intangibles that provide explosive growth opportunities in his investments. He served on active duty with the US Army and has a Bachelor s degree in accounting.
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Tanger Factory Outlet Centers (NYSE:SKT) was making great progress in its business prior to the onset of the pandemic. The real estate investment trust (REIT), which focuses on open-air upscale outlet shopping centers, was initially hit hard by the retail closures. The company came roaring back, leaving some investors to wonder if Tanger is still a buy.
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CONWAY â Janice Crawford, executive director of the Mt. Washington Valley Chamber of Commerce, has announced some personnel changes are in the works at the North Countryâs largest chamber of commerce.
Longtime employees Paula Jones, who has been handling marketing and communications, and Public Relations Manager Marti Mayne will retire this spring.
With the departures of those key personnel, a new assistant director position began Feb. 1 for Michelle Cruz, who also will continue serving as community engagement manager and MWV Trails Association administrator.
Crawford stated: Like so many other businesses, the chamber has taken the opportunity to review their program of work and budget under the lens of COVID-19.
The Globe and Mail Stephen Donovan, MBA Published February 9, 2021
U.S.-listed stocks that could see their share price rise from a short squeeze.
The screen
Short-selling has been brought to the forefront of financial markets in recent weeks, with companies such as GameStop Corp. seeing their share price increase by more than 2,000 per cent in mere weeks. The rapid rise and fall in the share price of GameStop was mostly because of a short squeeze. This occurs when investors who are shorting a stock (betting that the share price will decline) are forced by rising prices to cover their short positions prematurely by repurchasing stock, thus driving the share price up even higher. While the elevated prices are typically not sustainable (as demonstrated by the continued retreat in the share price of GameStop on Tuesday), these phenomena do offer investors with a high risk tolerance the opportunity to participate in market rallies. Today, we screen for companies that are poised fo