Rich Americans Cut Tax Bills With Money-Losing Bonds
“Fixed-income is really the only game in town if you want to harvest losses at this point in the year.”
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“Fixed-income is really the only game in town if you want to harvest losses at this point in the year.”
And yet, none of it has been enough to rattle the retail investor. Instead, to borrow a Reddit phrase describing bullish gumption, they’ve had diamond hands. Since the market peaked a few weeks ago, retail traders have plowed cash into U.S. stocks at a rate 40% higher than they did in 2020, which was a record year. They’re opting for parts of the market that have suffered the most, doubling down in arguably risky ways with triple-leveraged tech funds and options galore. A year out from the Covid-19 stock crash, with individual traders now making up nearly a quarter of U.S. volume on an...
By Sarah Ponczek Apple Inc. has slumped 15% since late January. Tesla Inc. has lost more than a quarter-trillion dollars in market value in three weeks. And more than $1.5 trillion has been wiped off the Nasdaq 100 in less than a month. And yet, none of it has been enough to rattle the retail investor. Instead, to borrow a Reddit phrase describing bullish gumption, they’ve had diamond hands. Since the market peaked a few weeks ago, retail traders have plowed cash into U.S. stocks at a rate 40% higher than they did in 2020, which was a record year. They’re opting for parts of the market th...
GameStop craze puts holders of retail ETF on wild ride Premium Michael Wursthorn Share Via Read Full Story GameStop mania has spilled over into a popular exchange-traded fund, as the WallStreetBets craze reaches beyond shares favored on social media. The fund, State Street’s SPDR S&P Retail ETF, was created in 2006 to give investors broad exposure to mall-store firms. Its shares have surged 23% this year, far outstripping a 4% gain in the S&P 500, despite the uncertain outlook for retail. Behind those gains are the traders who congregate on social-media platforms such as Reddit’s WallStre...
The rally in GameStop (NYSE: GME) has helped propel a retail sector-specific exchange traded fund, but investors have been dumping the fund in droves.