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A trader just bet $US50 million the S&P 500 will rally for the rest of 2021

A trader just bet $US50 million the S&P 500 will rally for the rest of 2021
afr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afr.com Daily Mail and Mail on Sunday newspapers.

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Трейдер поставил $50 млн на ралли S&P 500 до конца года

Трейдер поставил $50 млн на ралли S&P 500 до конца года
quote.rbc.ru - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from quote.rbc.ru Daily Mail and Mail on Sunday newspapers.

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GameStop Mania Reveals Power Shift on Wall Street---and the Pros Are Reeling

GameStop Mania Reveals Power Shift on Wall Street---and the Pros Are Reeling
© Gabriela Bhaskar/Bloomberg News
The power dynamics are shifting on Wall Street. Individual investors are winning big—at least for now—and relishing it.
An eye-popping rally in shares of companies that were once left for dead including GameStop Corp., AMC Entertainment Holdings Inc. and BlackBerry Ltd. has upended the natural order between hedge-fund investors and those trying their hand at trading from their sofas. While the individuals are rejoicing at newfound riches, the pros are reeling from their losses.
Long-held strategies such as evaluating company fundamentals have gone out the window in favor of momentum. War has broken out between professionals losing billions and the individual investors jeering at them on social media. Meanwhile, the frenzy of activity is stirring regulatory and legal concerns.

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