Reddit trading frenzy could cause ‘systemic event’ in markets, strategist says

cnbc2021-02-02

KEY POINTS A flurry of retail buying led by Reddit thread WallStreetBets sent shares of heavily shorted stocks like GameStop and AMC Entertainment skyrocketing last week. GameStop shares surged 1,...

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精彩评论

cslim
2021-02-03
cslim
Cool
kisshen
2021-02-03
kisshen
Cool
ETWH
2021-02-03
ETWH
👍🏼
- 社区成长助手:
  终于等到了您的初发帖[比心][比心]发帖时关联相关股票或者相关话题，可以获得更多曝光哦～如果您想创作优质文章，请查看老虎社区创作指引
Fristene
2021-02-03
Fristene
Scary
mcwood
2021-02-03
mcwood
Agree hedge fund also makes chaos
SebastianCkm
2021-02-02
SebastianCkm
hope retail investors got out
- HLPA:
  ya

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Thecommission-free trading app introduced the new controlsafter receiving a $3 billion security deposit request from the National Securities Clearing Corporation on Thursday, its CEO Vlad Tenev revealed on Monday.\nHowever, Gambles also suggested that there could be a systemic risk from the hedge fund side.\n“If a hedge fund blows up, that could cause a lot of damage to prime brokers. We could be back to a Long-Term Capital Management, 1998-type moment,” he added.\nLTCM was a U.S. hedge fund that collapsed in 1998 and almost took down the global financial system due to a series of highly leveraged trading strategies, before eventually receiving a U.S. government bailout.\n‘Localized tussle’\nThe rise of GameStop and other unfavored stocks led to a ramping up of short-covering and options hedging that rippled through various stocks and sectors last week.\nShort selling is a strategy in which investors borrow shares of a stock at a certain price on expectations that the market value will fall below that level when it’s time to pay for the borrowed shares. Buying back borrowed shares to close out a short position, whether for a profit or loss, is known as short-covering.\nPaul O’Connor, head of multi-asset at Janus Henderson Investors, highlighted in a note Friday that the pain has mostly been felt by “equity long-short hedge funds, which have seen some copy-cat short-squeezes in stocks with high short interest,” leading to a “frantic de-risking of positions and reduction in gross equity exposures.”\n“While the brawl between retail speculators and hedge funds over GameStop has been distracting and at times bewildering, we see it more as being a localized tussle over a highly-contested stock, than something with broader or enduring market significance,” O’Connor said.\n“Equity markets have, of course, seen a few days of significant volatility, as these battles played out, but the overall impact on long-only investors, quant funds and macro investors has been modest.”\nO’Connor said spillovers to credit markets, commodities and foreign exchange markets have been fairly inconsequential thus far, and suggested that while regulators in Europe may take some remedial actions, the GameStop story is “largely a U.S. one.”","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":314102416,"gmtCreate":1612316075635,"gmtModify":1703760254276,"author":{"id":"3569192140815610","authorId":"3569192140815610","name":"cslim","avatar":"https://static.tigerbbs.com/c338f285f10a3b75c9b4fa5d8df12a4b","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3569192140815610","authorIdStr":"3569192140815610"},"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/314102416","repostId":1131925624,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":314950608,"gmtCreate":1612289518704,"gmtModify":1703760069795,"author":{"id":"3573541934435244","authorId":"3573541934435244","name":"kisshen","avatar":"https://static.tigerbbs.com/79cc40796df591cdf313292948053635","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3573541934435244","authorIdStr":"3573541934435244"},"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/314950608","repostId":1131925624,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":314963400,"gmtCreate":1612286714100,"gmtModify":1703760047768,"author":{"id":"3555195098976379","authorId":"3555195098976379","name":"ETWH","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3555195098976379","authorIdStr":"3555195098976379"},"htmlText":"👍🏼","listText":"👍🏼","text":"👍🏼","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/314963400","repostId":1131925624,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3471931,"gmtCreate":1612287075474,"gmtModify":1612287075474,"authorId":3527667803686145,"author":{"id":3527667803686145,"idStr":"3527667803686145","authorId":3527667803686145,"name":"社区成长助手","avatar":"https://static.tigerbbs.com/2b7c7106b5c0c8b0037faa67439d898f","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":314963400,"type":1,"supId":0,"prevId":0,"content":"终于等到了您的初发帖[比心][比心]发帖时关联相关股票或者相关话题，可以获得更多曝光哦～如果您想创作优质文章，请查看<a href=\"https://laohu8.com/TW/934879903\">老虎社区创作指引</a>","text":"终于等到了您的初发帖[比心][比心]发帖时关联相关股票或者相关话题，可以获得更多曝光哦～如果您想创作优质文章，请查看<a href=\"https://laohu8.com/TW/934879903\">老虎社区创作指引</a>","html":"终于等到了您的初发帖[比心][比心]发帖时关联相关股票或者相关话题，可以获得更多曝光哦～如果您想创作优质文章，请查看<a href=\"https://laohu8.com/TW/934879903\">老虎社区创作指引</a>"}],"langContent":"EN"},{"id":314986388,"gmtCreate":1612285643844,"gmtModify":1703760037989,"author":{"id":"3550071922488709","authorId":"3550071922488709","name":"Fristene","avatar":"https://static.tigerbbs.com/19d0585cf8923b6d2dfe6a3de197941c","vip":1,"crmLevel":9,"crmLevelSwitch":0,"idStr":"3550071922488709","authorIdStr":"3550071922488709"},"htmlText":"Scary","listText":"Scary","text":"Scary","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/314986388","repostId":1131925624,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":314983659,"gmtCreate":1612285378271,"gmtModify":1703760033716,"author":{"id":"3569805243820041","authorId":"3569805243820041","name":"mcwood","avatar":"https://static.tigerbbs.com/899c12565f32e74966bd8f5ceac09f7c","vip":1,"crmLevel":7,"crmLevelSwitch":0,"idStr":"3569805243820041","authorIdStr":"3569805243820041"},"htmlText":"Agree hedge fund also makes chaos&nbsp;","listText":"Agree hedge fund also makes chaos&nbsp;","text":"Agree hedge fund also makes chaos","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/314983659","repostId":1131925624,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":314086682,"gmtCreate":1612280296846,"gmtModify":1703759903123,"author":{"id":"3572520411935007","authorId":"3572520411935007","name":"SebastianCkm","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3572520411935007","authorIdStr":"3572520411935007"},"htmlText":"hope retail investors got out","listText":"hope retail investors got out","text":"hope retail investors got out","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/314086682","repostId":1131925624,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3474266,"gmtCreate":1612317558646,"gmtModify":1635766859362,"authorId":3569274903458035,"author":{"id":3569274903458035,"idStr":"3569274903458035","authorId":3569274903458035,"name":"HLPA","avatar":"https://static.tigerbbs.com/07e7b987a9127c5a47dbc3ae02db548b","vip":1,"crmLevel":8,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":314086682,"type":1,"supId":0,"prevId":0,"content":"ya","text":"ya","html":"ya"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":34,"commentSize":37,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; 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