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EssentialDaily Briefing

"GameStonk" Lunacy: Is Speculative Fervor Reaching Epic Proportions?

Featuring Haley Draznin, Ash Bennington, and Thomas Thornton

Jan 26, 2021 • 44 minutes

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Essential

Daily Briefing

"GameStonk" Lunacy: Is Speculative Fervor Reaching Epic Proportions?

Tommy Thornton reflects on a day of absurd price action as GameStop skyrocketed 90% today and zoomed an additional 46% during afterhours trading.

Featuring Haley Draznin, Ash Bennington, and Thomas Thornton

Jan 26, 2021 • 44 minutes

Senior editor Ash Bennington hosts Tommy Thornton of Hedge Fund Telemetry to break down a day of absurd price action as GameStop skyrocketed 90% today and zoomed an additional 46% during afterhours trading. Tommy and Ash reflect on the shrewd yet reckless speculations of the r/wallstreetbets traders, who pushed hedge funds that were short GameStop like Melvin Capital to the brink, with Tommy noting that this intentional targeting of shorts triggered a record day of long/short degrossing. Turning to technical indicators, Tommy comments on the buying exhaustion he is seeing via DeMARK indicators, saying “this is a bubble that I think could pop at any moment.” He recommends “ringing the register” on successful trades and turning to cash. Tommy closes by giving Ash a long idea: Zynga Inc ($ZNGA). In the intro, Real Vision’s Haley Draznin makes sense of the market as company earnings reports take center stage and wild swings resume on heavily shorted stocks. Show More

Real Vision's Daily Briefing provides a macro context for the day's market action, Monday through Friday, live at 4:00 p.m. ET. Our hosts talk with traders, quants, investors, and analysts with skin in the game. These experts include Tony Greer, Katie Stockton, Jim Bianco, Jared Dillian, Thomas Thornton, and our own Raoul Pal. In just 30 minutes, you'll get the world's smartest analysis of global markets and the important macro trends driving them.

More Episodes

Real Vision's Daily Briefing provides a macro context for the day's market action, Monday through Friday, live at 4:00 p.m. ET. Our hosts talk with traders, quants, investors, and analysts with skin in the game. These experts include Tony Greer, Katie Stockton, Jim Bianco, Jared Dillian, Thomas Thornton, and our own Raoul Pal. In just 30 minutes, you'll get the world's smartest analysis of global markets and the important macro trends driving them.

More Episodes

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