The Robinhood Revolt as an Expression of the Fourth Turning (w/ Ed Harrison & Max Weithe)

Real Vision: Finance & Investing

Real Vision

Investing, Business News, News, Business

4.1 • 1.1K Ratings

🗓️ 27 January 2021

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

DB-Jan27,2021: Real Vision managing editor Ed Harrison sits down with Max Wiethe to discuss how Ed is making sense of the retail assault on short-sellers as an expression of the unfolding of The Fourth Turning. Harrison argues that intergenerational conflict has been brewing outside of the market; however, it now has found its way to Wall Street in the form of Robinhood traders looking to take out the old guard of finance and make a killing in the process. Real Vision’s Peter Cooper kicks it off by examining the various short squeezes occurring across U.S. and European equity markets. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:28.1	Te's and sees apply. Hello everyone welcome to the Real Vision Daily Briefing for Real Vision I'm
0:45.8	Max Wethy it is Wednesday January 27th just after market close here in New York
0:51.2	I'm joined by Ed Harrison today but but before I speak with Ed, let's
0:54.5	kick it over to Peter Cooper for today's stories.
0:56.7	Thanks, Max. At the time of this recording, major U.S. indices are down during intraday trading.
1:02.1	With the NASDAQ down 1.9%, the S&P 500, a little over 2%, and the Dow Jones, 1.7%.
1:09.6	However, the major short squeezes of this week are still kicking and screaming, with GameStop up around
1:14.4	124% on the day.
1:16.9	And AMC Entertainment Holdings was up an incredible 238%.
1:21.9	Other companies where short squeezes are occurring and that retail investors have
1:25.2	dog piled in are Blackberry, which is up about 30% this week and a little over 25% today.
1:30.8	In Bed Bath and Beyond, up around 23% on intraday trading.
1:34.4	Other instances of speculative fervor arising from our Reddit traders include NIO,
1:39.2	the Chinese EV Maker, which is down during intraday trading on Wednesday, but its ADR shares are up 1,150% in the past 12 months.
	...

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