Author: CapitalGainsFund

Jun 16

Need to Know: Stocks could fall a further 7% after last week’s correction. But the bull market will ‘resume in earnest’, Morgan Stanley says

The three major benchmark indexes suffered their biggest weekly losses since March 20 last week, as the Federal Reserve’s downbeat economic outlook and rising coronavirus cases unsettled investors. Fears of a second wave grew over the weekend and the Dow Jones Industrial Average DJIA, +0.61% was 310 points lower, or 1.2%, in early trading. However, […]
Jun 16

Key Words: The rise of mom-and-pop investors in the stock market will ‘end in tears,’ warns billionaire Cooperman

Billionaire Leon Cooperman on Monday said that the emergence of individual investors eagerly scooping up stocks that have been rocked amid the coronavirus-induced downturn will ultimately not end well for those individual investors. The ‘Robinhood markets are going to end in tears,” said Cooperman during CNBC’s show “Halftime Report” on Monday, referring to the popular […]
Jun 15

The Tell: A portfolio of stocks being bought by mom-and-pop investors is trouncing Wall St. pros — here’s what they’re buying

It’s no secret that retail investors have been stepping up their participation in the stock market lately, but the degree by which they have outperformed professional investors may be coming into greater focus. A basket of equities that have been eagerly bought by individual investors since the depths of the coronavirus-induced selloff on March 23 […]
Jun 14

The Wall Street Journal: Hedge-fund manager Kyle Bass under SEC scrutiny over criticism of Texas real-estate lender

Kyle Bass’s market bet against a Texas real-estate lender seemed like an astute move. Throughout 2015, the hedge-fund manager accused the lender, United Development Funding, of operating like a Ponzi scheme. Authorities opened civil and criminal investigations into UDF, and Bass counted his winnings as UDF stock eventually fell to $1. Today, Bass is also […]
Jun 14

Stacey Abrams on police shooting of Rayshard Brooks: 'There is a legitimacy to this outrage'

Former Georgia gubernatorial candidate Stacey Abrams said Sunday that the fatal Atlanta police shooting of Rayshard Brooks showed the “legitimacy” of the outrage being expressed by widespread protests across the country.  The death of Brooks, 27, sparked demonstrations in Atlanta on Saturday night, the resignation of the city’s police chief and the firing of one of […]