U.S. Federal Reserve Chairman Jerome Powell said he sees some “froth” in equity markets and it is not just due to the central bank’s accommodative monetary policy.
What Happened: During a virtual press conference on Wednesday after the Fed’s monetary policy meeting, Powell said that vaccination and reopening of the economy are also factors contributing to the froth in the capital markets.
Powell was responding to a question regarding financial stability from Brian Chung, a reporter with Yahoo! Finance.
Chung noted that amateur people who might not follow finance daily are paying attention to
GameStop Corp. (NYSE:GME) and meme cryptocurrency
Most weeks,
Commonwealth Bank of Australia‘s (ASX: CBA) CommSec shares service tells us both the ASX and international shares (almost always just US shares) that are the most popular with its Australian customer base.
CommSec is one of the most popular brokers in the country. As such, this information gives us a nice insight into what the average Aussie investor is finding interesting beyond our shores.
Tesla and Coinbase dominate most traded International shares on the ASX
Tesla Inc(NASDAQ: TSLA) – representing 4.8% of total trades with a 69%/31% buy-to-sell ratio.
Coinbase Global Inc(NASDAQ: COIN) – representing 4.4% of total trades with an 82%/18% buy-to-sell ratio.
Featured on the packet are stock tickers of companies that are popular on the forum like
GameStop Corporation (NYSE:GME),
AMC Entertainment Holdings Inc (NYSE:AMC),
Nokia Oyj (NYSE:NOK),
BlackBerry Ltd. (NYSE:BB), and
Tesla Inc. (NASDAQ:TSLA).
The HODL Noodle of Simply Food. Photo: Screengrab of the product s listing on Amazon.com
Why It Matters: HOLD is thought to be an acronym that refers to “hold on for dear life” and is a reference to ignoring short-term price movements and adopting a buy-and-hold strategy.
Stonks is an intentional misspelling of stocks and usually refers to so-called meme stocks favored by the Reddit crowd that always go up.
Microvision, Inc (NASDAQ: MVIS) fell over 23% in the regular session on Tuesday.
What Happened: Shares of the technology company that makes lidar sensors .
Boeing, Microsoft Fall In Another Mixed Day Of Trading For The Market benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.