Market Commentaries

29 Jan

Mob Market

January 29, 2021 It was a wild trading week on Wall Street as a flash mob of Reddit traders faced off against hedge funds in a battle that has been brewing over several weeks. Amateur traders have taken to online trading boards, sniffing out hedge funds’ top short positions (GameStop, AMC, and Blackberry) in hopes…

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22 Jan

Markets Rally on Earnings and Anticipated Stimulus

January 22, 2021 Joe Biden became the 46th president of the United States this week and his inauguration fueled a continuation of the market’s rally on hopes that a large coronavirus and stimulus package will soon be passed by a Democratic-controlled Congress. While U.S. economic data was generally light this week, with housing starts and…

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15 Jan

Investors Bid 2020 Goodbye with Hopes for More Record Highs in 2021

January 15, 2021 After ringing in the New Year with more record highs, investors took some profits this week as they wait for the Q4 2020 earnings season to kick off next week. Investors welcomed 2021 on a high note as the U.S. rolled out its massive Covid-19 vaccination effort. As of Thursday, 11.9 million…

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