Stock ETFs Rally after Biggest Drop since October
Speculative Trading Unnerving the Market The market plummeted on Wednesday, with the S&P 500 and the Dow recording their biggest one-day losses since October, driven lower by speculative buying in heavily shorted stocks like GameStop. There is now concern that hedge funds under pressure to cover short positions could have to limit their equity holdings to raise cash. Some see this scenario leading to a bubble in the market. GameStop, the conventional video game retailer, has been a favorite on the WallStreetBets Reddit chat room, as investors have successfully driven the stock over 300% highe...
Source: etftrends.com