GameStop stock surge could be upending the stock market, Fundstrat says

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Deutschland Nachrichten Nachrichten

Deutschland Neuesten Nachrichten,Deutschland Schlagzeilen

This week's GameStop surge could be upending the stock market as it leads hedge funds to reduce leverage, Fundstrat's Tom Lee says

by the board as part of a push by activist investor Ryan Cohen.

And while many investors are attributing the broad market decline to rising interest rates, with the 10-year US Treasury note moving above 1.5% on Thursday, Lee thinks it could actually be caused by a de-grossing event in which hedge funds are unwinding their leverage by selling stocks. Lee explained that GameStop could still be a popular short among hedge funds, and a surging price in the video game retailer's share price means quant funds require short-covering.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 729. in DE
 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen