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ASX to fall again; Wall Street’s worst day in three months

ASX to fall again; Wall Street’s worst day in three months

The ASX is set to extend losses on Thursday after Wall Street suffered its worst day in three months. Iron ore and gold edged lower.

  • by Alex Druce

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ASX set to fall as Wall Street has worst day since October

ASX set to fall as Wall Street has worst day since October

Stocks were down from the get-go as investors focused on the outlook for the economy and corporate profits amid a still-raging coronavirus pandemic.

  • by Damian Troise and Ken Sweet
Reddit day trader army fattens fortunes of the super-rich

Reddit day trader army fattens fortunes of the super-rich

A horde of traders on Reddit that see themselves as sticking it to the establishment by hunting for heavily shorted stocks is adding billions to the wealth of some of the world’s ultra-rich.

  • by Ben Stupples
‘Unlikely to end well’: Retail investors warned on overhyped Reddit stocks

‘Unlikely to end well’: Retail investors warned on overhyped Reddit stocks

Professional money managers are warning retail investors the Reddit-fuelled rush into unloved tech stocks will end in tears.

  • by Emma Koehn
Future Fund lost its invitation to the equity market’s party

Future Fund lost its invitation to the equity market’s party

The Future Fund’s chairman and CEO don’t believe the current sharemarket ‘frenzy’ can last, and the sovereign wealth fund is positioning its portfolio for the hangover.

  • by Elizabeth Knight
Trade the GameStop short squeeze if you wish - but it’s very stupid
Opinion
Investing

Trade the GameStop short squeeze if you wish - but it’s very stupid

For some reason, online traders staged a massive assault on short sellers by driving up the share price of a money-losing vide game retailer, GameStop.

  • by Michael Hiltzik
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As it happened: Iron ore miners sag as ASX drops 0.7%

As it happened: Iron ore miners sag as ASX drops 0.7%

Lower iron ore prices dragged the ASX’s biggest mining companies lower on Wednesday, with the index finishing 0.7% down at 6780.6.

  • by Alex Druce and Lucy Battersby
The hunters become the hunted: short sellers under threat on Wall St

The hunters become the hunted: short sellers under threat on Wall St

In what is being billed as payback on the short sellers, millions of small time day traders are engaged in feverish bidding on particular stocks to a point well in excess of their value.

  • by Elizabeth Knight
‘Focusing on better times’: Investors say market momentum to flow into 2021

‘Focusing on better times’: Investors say market momentum to flow into 2021

The outlook for equity performance in 2021 remains optimistic as investors and analysts expect the vaccine roll out to bring stability and predictability back to company performance.

  • by Lucy Battersby and Alex Druce
The Short Squeeze: Can US earnings justify prices?

The Short Squeeze: Can US earnings justify prices?

On this week’s episode of The Short Squeeze, we look at the latest economic data, the picture emerging from US earnings season, and the world of market research reports.

As it happened: ASX closes up 0.4% at new 11-month high

As it happened: ASX closes up 0.4% at new 11-month high

The ASX 200 closed 0.4% higher on Monday at 6824.7 points, the highest close since 25 February, 2020.

  • by Alex Druce and Lucy Battersby