When the Going Gets Weird, the Wise Stay Focused
Our View of Volatile Stocks and the Message of Markets Markets took a dizzying wobble this past week as lots of micro news assaulted a market which had become accustomed to a pretty consistent macro narrative of ‘TINA’ (there is no alternative) to stocks. Specifically, the NYSE set new all-time highs in volume (shares traded) as a frenzy of individual investors, fueled by stock tips on public social media platforms like Reddit, dramatically bid up shares of beleaguered retailer GameStop (GME) and other companies where bearish institutional investors had accumulated large ‘short’ posi...
Source: etftrends.com