5 Things We Learned This Week - 7/17/2021
Submitted by Silverlight Asset Management, LLC on July 17th, 2021
July 17, 2021
July 17, 2021
June 12, 2021
If it were a horror movie, they might call it: “Return of the Killer Meme Stocks.”
Reddit favorites GameStop and AMC Entertainment are soaring again. In May, GameStop rallied 28%, while AMC jumped 160%.
Similar to earlier this year, big returns in meme stocks have brought scary P&L pain to the hedge fund community.
May 29, 2021
March 22, 2021
May 15, 2021
This week, $400 billion in direct stimulus payments began flowing into the bank accounts of US households, courtesy of the American Rescue Plan. The Treasury says $262 billion has already been dispersed with the remainder scheduled to go out in the coming weeks.
Any investor must wonder: where will this money go next?