The last two weeks haven’t exactly been ideal for the major US indices. In times like these, perhaps it is good to remind ourselves how far the indices have come in the year to date. If anything, reminiscing about the indices extraordinary gains in 2021 should help us contextualise the minor misfortune befalling stocks and indices in September.
The largest crypto exchange in the US, Coinbase, has reported Q2 earnings above expectations (total revenue of US$2.2 billion vs US$1.85 billion expected). Coinbase’s revenue growth is impressive considering that since the Company’s last earnings report, Bitcoin and its ilk have taken a nosedive in price.
What’s driving the AMC price spurt? While on its way to pre-pandemic patronage, the world largest Cinema company is undoubtedly not inspiring investors purely with its fundamentals. Rather, I suspect that investors are inspired by the recent media reports detailing the phenomenal losses that short sellers are continually racking
The Mother Of All Short Squeezes (MOASS) is how the short squeeze of GameStop Inc (NYSE: GME) is being referred. If the squeeze eventuates as speculated, with shares selling for prices exponentially higher than where is currently is sitting, then further squeezes could be energetically pursued by the same crowd to repeat its success.
In the early 1600s, Tulips first arrived on the shores of Holland from Turkey. The flower was exotic, beautiful, and nothing like any other flower that grew in Holland at the time.