Author: CapitalGainsFund

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 […]
Jun 14

The Atlanta police officer who fatally shot Rayshard Brooks has been fired, and a 2nd officer is on administrative leave

The Atlanta Police Department confirmed to Insider that the officer who fatally shot Rayshard Brooks on Friday has been terminated, and a second officer was placed on administrative leave. A police spokesperson identified the officers as Garrett Rolfe and Devin Bronsan. Rolfe opened fire on Brooks after a struggle in which Brooks grabbed a Taser […]
Jun 14

Market Extra: It’s like the Wild West with ‘get-rich-quick crowd’ vs. Wall Street pros, but it’s too easy to blame retail investors for ‘rampant speculation’

Tales of out-of-work 20- and 30-somethings using coronavirus stimulus checks to scoop up stocks on Wall Street with reckless abandon are coming fast and furious, but the reasons behind the recent fervor for investing is, perhaps, far simpler. MarketWatch has written a bit about the rising influence of retail investors of late, including in an […]