. News reports said the trades were made over the past month, and SoftBank had been building unusually large positions in call options, or those that bet the prices of underlying stocks would rise.
"It's just a trip to the casino," said Peter Boockvar, chief investment officer at Bleakley Advisory Group. "If they're supposed to be an investment company taking a long-term horizon, then trying to juice your short-term return through options, you've turned into a hedge fund." "The significant reduction in previously extreme long positions in Nasdaq by momentum traders should allow the equity market to recover over the coming weeks, as happened after the June 11th correction," noted JPMorgan analysts. "But a repeat of the strong gains seen during July and August is less likely over the next two months."
"We're a little more cautious, not to mention the market is trading at 23 times our earnings estimates for 2021," said Grohowski. He said the fact there is about $4.5 trillion in money market funds is a bullish signm since that money could find its way into the stock market.
Always highlighting the negative and ignoring the record breaking week. Fearmongers!!!!!!
The shakeout might or might not be over yet - this sentence is utterly pointless
Stop scaring people
When will we retest the lows? You guys have been calling for this nonsense routinely since April
PresidentTrumpHatesOurTroops
New_Narrative buckle up.
Covid is a hoax
Dear Lord, this happens all the time and is it me or does it always seem to happen over long holiday weekends, too....
Then it's over. CNBC is literally a bellwether for the stock market, as we have seen this week.
fake news
bashycrypto
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