Meme Stocks Make a Comeback and the SEC's Tough Stance on Chinese Tech

Real Vision: Finance & Investing

Real Vision

Investing, Business News, Business, News

4.1 • 1.1K Ratings

🗓️ 26 August 2021

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

DB-Aug25,2021: Max Wiethe joins the Daily Briefing to break down the day’s price action, including Gamestop ($GME) soaring upwards of 27% with the return of the meme stocks, as well as the SEC reinforcing its tough stance on Chinese tech with the threat of delisting in the U.S. Max also provides an update on the FX markets and his tips for successful momentum investing. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:20.0	With Salesforce Customer 360, now everyone's an Einstein.
0:24.0	Go to Salesforce.com forward slash 360 to learn more.
0:30.0	Welcome to the Real Vision Daily Briefing.
0:42.0	It's Wednesday, August 25th, 2021.
0:45.0	The great Dave Floyd will be joining us next week due to tech difficulties.
0:49.0	Today, filling in for him our own Max Weefy.
0:53.0	Here's what we're looking at right now.
0:55.0	Markets looks like a lot of green on the screen,
0:58.0	but fractionally higher.
1:00.0	Just more of the rally that we've seen continue to push its way up.
1:04.0	It looks like the big mover on the day is the S&P 500.
1:07.0	And by big mover, I mean less than 25 basis points up, closing out the day at 4,496 up a little less than 10 points.
1:18.0	Memestock's right now are once again ripping GameStop up 27.5% on Tuesday.
1:26.0	That's almost 30% on the week AMC up over 30% on the week.
1:32.0	GameStop mentioned nearly 2,000 times in 24 hours on a Reddit thread.
1:37.0	AMC mentioned over 600 times on Reddit as well.
1:42.0	This according to account done by insider.
1:46.0	SEC chair Gary Gensler reiterated his commitment to the U.S. requirement that Chinese firms
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