(Bloomberg) — As US stocks surged to the best day in two years, one of the market’s most reliable group of buyers was nowhere to be found. Day traders dumped equities in droves, selling a net $2.65 billion in shares as the S&P 500 jumped more than 5%. The disposal was the most since JPMorgan […]
Read More(Bloomberg) — It’s ending as fast as it began for retail day traders, whose crowd-sourced daring was the pre-eminent story of pandemic equities. Nursing losses in 2022 that are worse than the rest of the market’s, amateur investors who jumped in when the lockdown began have now given back all of their once-prodigious gains, according […]
Read More(Bloomberg) — Of all the risky things amateur investors did while locked at home in the pandemic, dabbling in stock options was one that veteran investors were convinced would end badly. They weren’t wrong. Turns out, taking leveraged flyers on meme stocks mentioned on Reddit’s WallStreetBets trading forum is harder than it looks. New research […]
Read More(Bloomberg) — In what looks increasingly like an uncharacteristic bout of bad timing, retail investors who hung tough during the selloff in January and February are now taking money off the table just as stocks are rallying. Evidence of a retail pullback was visible in data from several Wall Street banks and the U.S. options […]
Read More(Bloomberg) — A Morgan Stanley trader is leaving the firm after racking up tens of millions of dollars in losses as a bout of market turmoil makes and breaks trading books across Wall Street. Hamza El Hassani, who traded dividends in the New York-based bank’s equities division, will be departing after transactions he oversaw went […]
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