Reflation Misgivings and The GameStop Gamma Squeeze ( w/ Ed Harrison & Jack Farlay )
Real Vision: Finance & Investing
Real Vision
4.1 • 1.1K Ratings
🗓️ 25 January 2021
⏱️ 43 minutes
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| 0:00.0 | At M&M we sell big brands at low prices. |
| 0:03.6 | Our clothes and footwear are always up to 65% less. |
| 0:07.5 | And so are our radio ads. |
| 0:09.7 | So here's some Calypso music to fill the time. M&M, big brands, low prices, always up to 65% less than RRP. The |
| 0:46.5 | Welcome to the Daily Briefing. It's Monday, January 25th. I'm going to be joined shortly by our managing editor Ed Harrison, but first with the day's |
| 0:50.6 | stories, Haley Drasnan. Equities were mixed on Monday with the NASDAQ outperforming amidst some concerns that additional |
| 0:58.4 | stimulus would be delayed. |
| 1:00.4 | We've seen this pattern before that his worries grow about the length of the pandemic. |
| 1:05.0 | The NASDAQ and those stay-at-home tech stocks tend to outperform. |
| 1:09.0 | GameStop, though, the video game retailer is really making me scratch my head today. The stock |
| 1:14.7 | surge nearly 145% to a record intrad day high of around a hundred and fifty nine |
| 1:20.6 | dollars per share. This was before circuit breakers halted trading several times due to volatility. |
| 1:27.0 | When trading resumed, share prices fell to around $80. The story begins with the fundamentals surrounding Game Stop, one of the last vestiges of this |
| 1:37.3 | bygone era of brick and mortar retailers. Sophisticated investors have taken short positions on GameStop as the brick and mortar |
| 1:46.2 | approach to selling video games is rapidly getting displaced by digital e-commerce, especially during a pandemic when these non-essential |
| 1:54.9 | retail stores like GameStop are forced to close. As such, GameStop is on |
| 2:00.3 | the verge of bankruptcy, but enter |
| 2:02.5 | Reddit's Wall Street Betts Forum, |
| 2:04.5 | subscribed by millions of these so-called Robin Hurters, |
| 2:08.6 | you know, these tech savvy millennials |
| 2:10.9 | who in this case find strength in numbers call it collusion or simply a white night |
| 2:16.3 | rush to save a dying video game retailer but it seems like the popular threads on Wall Street Betts lately have been to encourage getting |
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