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☆ Meme stock rally could be sign that investor appetite for risk is returning
▼ + stars: | 2022-10-31 | by ( David Randall | ) www.reuters.com time to read: +3 min

The stock's Monday volume, which stood at over 10 million shares after the close, far exceeded the 506,000 shares investors have shorted, he said. "There is no way today’s price move is due to a short squeeze, it is virtually all long buying pressure," Dusaniwsky said. Many meme stocks have been pounded this year as the Federal Reserve tightens monetary policy, sapping investors’ appetite for risk. Shares of GameStop Corp (GME.N), which put meme stocks into the spotlight with its epic rally in 2021, are down 24% for the year to date while AMC Entertainment Holdings Inc (AMC.N) has fallen 60%. "If that’s the case that would further tamp down Treasury yields and create a tailwind for equities."

☆ British pound slides on political uncertainty, reversing Liz Truss resignation bounce
▼ + stars: | 2022-10-21 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

British Prime Minister Liz Truss announces her resignation, outside Number 10 Downing Street, London, Britain October 20, 2022. Henry Nicholls | ReutersLONDON — The British pound fell 1.4% against the dollar Friday, more than wiping out the moderate gains it made following the resignation of Prime Minister Liz Truss. Truss announced she would be stepping down Thursday, saying she could not deliver the mandate on which she was elected just 44 days prior. The pound was rocky through the day, but ended it slightly higher than the previous session. Sunak, who was finance minister under former Prime Minister Boris Johnson and ran head-to-head against Truss for the leadership over the summer, is considered a favorite to replace her.

☆ Traders on intervention watch as yen hits 150, pound gains as Truss resigns
▼ + stars: | 2022-10-20 | by ( Karen Brettell | ) www.reuters.com time to read: +3 min

The fragile yen briefly weakened past 150 per dollar for the first time since August 1990. It was last trading at 149.76 yen per dollar. This has sent U.S. yields and the dollar higher, particularly against the yen as the Bank of Japan is committed to keeping interest rates near zero. The pound rallied ahead of the announcement, before paring gains and then again moving higher. The dollar index dipped 0.50% against a basket of major currencies to 112.40, which analysts said was likely due to consolidation.

☆ There's still a bull case for the stock market even as inflation runs hot and rates rise
▼ + stars: | 2022-10-20 | by ( Carla Mozée | ) www.businessinsider.com time to read: +5 min

Today we're also looking at one firm's view that there's still a bull case to be made for stocks, but its sitting on increasingly shaky ground. The upside case for stocks rests largely on two things: inflation and rates. DataTrek Research co-founder Nicholas Colas told clients this week that investors could propel stocks up heading into 2023. "TIPS and Fed Funds Futures prices do currently support the idea that in six months inflation will be dropping and Fed policy will be moving into neutral," Colas said. Individual investors have reduced net purchases of stocks in recent days following the September inflation shock.

☆ Retail investors are the most bearish they've been in months after September's inflation shock, but a rebound in the S&P 500 would spark new buying spree, research firm says
▼ + stars: | 2022-10-19 | by ( Carla Mozée | ) www.businessinsider.com time to read: +3 min

Bearishness among retail investors reached its highest since June after the last CPI report, Vanda Research says. The cohort is likely increase net buying of speculative assets over the next two weeks if the S&P 500 can sustain a rally. Stocks initially plunged after last Thursday's report and Vanda said retail investors were buying the dip. Retail investors appeared hesitant to chase the rebound in stocks over the following days, the firm said. The S&P 500 had climbed in the past two sessions but was moving lower during Wednesday's action.

☆ Retail investors are about to throw in the towel and finally sell if Apple and Tesla stumble, Vanda Research says
▼ + stars: | 2022-09-29 | by ( ) www.businessinsider.com time to read: +3 min

Retail investors are on the verge of throwing in the towel and selling stocks if Apple and Tesla tumble, according to Vanda Research. "A positioning puke in these two stocks could be the coup de grace for retail investors' PnL," Vanda Research said. The firm estimates that combined, Apple and Tesla account for 34% of the average retail investors' stock portfolio. That concentration has actually helped retail investors performance, as both Apple and Tesla have outperformed the S&P 500 considerably year-to-date and over the past year. "A positioning puke in these two stocks could be the coup de grace for retail investors' PnL," Vanda said.

☆ Retail investors have bailed on most stocks except for these two 'last bastions'
▼ + stars: | 2022-09-28 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

The two stocks alone make up an estimated 34% of the average retail investor's holdings, he said. "A positioning puke in these two stocks could be the coup de grace for retail investors' PnL," Iachini, referring to an acronym used to describe an investor's profit-and-loss statement. He said Korean retail investors, who account for about 2% of Apple's retail holdings, selling off the news would likely mean forced liquidations. Why retail capitulation matters A new index from Vanda gauging retail capitulation, meaning the act of giving up on the market, has shown sentiment and hard money data has continued sliding. "This goes to show that retail investors' flows have been pivotal in cushioning the equity sell-off, in our view," he said.

☆ Hedge funds mounted bearish UK bets as Truss became PM
▼ + stars: | 2022-09-26 | by ( Nell Mackenzie | ) www.reuters.com time to read: +3 min

LONDON, Sept 26 (Reuters) - In the first half of September bets against sterling posted the biggest two-week rise since 2013, a sign that hedge funds may have ramped up short positions just as Liz Truss became Britain's new Prime Minister. According to Vanda Research, which uses data from the U.S. Commodity Futures Trading Commission (CFTC), short contracts of GBP/USD made by leveraged funds in the first two weeks of September jumped 17 percentage points. Speculators have trimmed their net short position on the British pound to 54,843 contracts last week valued at $3.9 billion, down from a previous net short position of 68,086 contracts, figures from the CFTC show. CFTC data showed speculators have maintained short positions against the pound every week since February. Gargour has had positions in the pound but because of UK marketing regulations could not confirm if he was short.

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