M
Mohamed El-Erian
President at Queens' College, Cambridge
2417012 followers
A few observations on this morning's US market price action: The initial general investor reaction was again influenced by the deep "buy the dip" conditioning ... underpinned by the view as of now that the "retail versus hedge funds" excitement is contained as opposed to a potentially contagion-creating one that can evolve in a bigger "market accident" The resulting rally picked up steam in morning trading with the major indices now up 1.2-1.9%... but not without an "Empire Strikes Back" controversy: After going up in pre-market action, GameStop has plunged as RobinHood and Interactive Brokers moved to limit trading in the stock. #GME #markets #trading #investing #stocks #equities #hedgefunds #investors #gme #gamestop
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