‘Trump Wins Big’ Meme Stock Surges In China
Shares of a Chinese company whose local-language name sounds like “Trump Wins Big” soared, in the latest example of growing bets on election victory.
Shares of a Chinese company whose local-language name sounds like “Trump Wins Big” soared, in the latest example of growing bets on election victory.
It’s been about 25 years since Wall Street had a serious bear hunt. And it appears another one is starting up now.
The stocks of big banks are outperforming the rest of the S&P 500 (^GSPC) this year, and that investor confidence is about to be put to the test.
The AI juggernaut that has fueled the S&P 500 (^GSPC) rally this year is expected to keep driving returns over the next six to 12 months.
The S&P 500 is up 17% so far this year largely attributed to just a handful of stocks tracking one theme — the Magnificent Seven and AI.
Interactive Brokers has reported a $48M loss due to a glitch at the NYSE that caused a dramatic, brief plunge in Berkshire Hathaway’s share price.
The major indexes may have only chalked small gains Wednesday, but while the generals were sleeping, the soldiers were on the march.