Reflation Misgivings and The GameStop Gamma Squeeze

Published on
January 25th, 2021
40 minutes

COVID-19 Spiraling Out of Control, Whipsawing Crypto, and the Coiled Snake of Macro

Reflation Misgivings and The GameStop Gamma Squeeze

Daily Briefing ·
Featuring Haley Draznin, Jack Farley, and Ed Harrison

Published on: January 25th, 2021 • Duration: 40 minutes

Real Vision managing editor Ed Harrison and editor Jack Farley break down the logic-defying price action in highly speculative stocks like Blackberry, AMC Entertainment Holdings, and, most notably, GameStop Corp, which surged over 160% to $159 before plummeting yet still being up on the day. Ed and Jack break down the “short squeezes” and “gamma squeezes” that are inflating those names, particularly GameStop, with Ed interpreting his Real Vision Live with Jim Bianco today and Jack sourcing info from volatility trader Kris Sidial. Lastly, Ed shares his thinking on how the different COVID-19 variants will impact re-opening as well as the reflation trade, which he thinks may have overstepped its bounds. In the intro, Real Vision’s Haley Draznin describes what happened with GameStop’s volatile trading today.