This is what the Fed says about market stability

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Your daily source for trading strategies, tech news, and politically incorrect humor.

Hey there, Bullets Fans –

Your Morning Bullets Brief Updates are here! And that means trivia is, too.

What happened on this day in 1986, and how did it impact the stock market?

Think you know the answer? You can check it in the closing area down below!

The top 5 things you need to know before the market opens

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Stock futures were down this morning, following yesterday’s day of big losses for all three major indexes, as investors continue to worry over manic speculative trading when it comes to GameStop (more on that, below). Shares of that stock had skyrocketed to about $500 at one point during today’s premarket trading. This time last week, shares went for about $40 a pop.

The Federal Reserve doesn’t seem worried, however.

Meanwhile, American Airlines saw its shares soar during premarket trading, even after the company reported massive losses.

And Apple, Tesla, and Facebook each saw shares decrease during premarket trading.

Also this morning, investors are keeping an eye on the government’s gross domestic product and weekly jobless claims reports which were released at 8:30 a.m. this morning. Analysts expected to see a 4.3% increase in the GDP and 875,000 new claims for unemployment insurance.

What else should you know about the market this morning?

Other News That Matters To You:

This guy got tired of helping the rich get richer

Recommended Link:
Paul Mampilly is a Wall Street legend.
(Barron’s crowned his hedge fund as the “world’s best” and Kiplinger ranked it in the top 1%.)

But a few years ago, he left Wall Street.

“I just grew tired of helping the rich get richer,” Paul explains. “So I started sharing my No. 1 investment picks with Main Street Americans.”

And his No. 1 stock picks have been phenomenal.

In 2016, Paul’s No. 1 pick — Tableau Software — shot up 199%.

In 2017, Paul’s No. 1 pick — Foundation Medicine — shot up 524%.

In 2018, Paul’s No. 1 pick — Roku — shot up 393%.

In 2019, Paul’s No. 1 pick — MTech Acquisitions — shot up 332%.

But Paul believes his No. 1 stock pick for 2021 could go even higher.

(By clicking this link you will be automatically opted into Bold Profits Daily)

 

This is what you need to know about the GameStop mayhem

Image Source: Getty Images

The big players on Wall Street that were looking to make a quick buck from GameStop’s decline have another thing coming. Retail investors have gathered via a Reddit forum, forcing a short squeeze as they buy the video game store’s stock.

The hedge fund known as Melvin Capital Management had, at one point, $55 million on the line as they predicted GameStop’s demise. This week, however, Melvin closed out, enduring losses.

As of yesterday, shares had skyrocketed to $300 a pop, and the U.S. Securities and Exchange Commission announced it was “actively monitoring” the mayhem.

“There’s a small part of momentum, there’s a part that’s fundamental analysis, and then there’s a part that’s just sticking it to the man,” one billionaire investor said.

What else should you know about this situation and its overall impact on the market?

More Headline You Need To Read:

Thanks for reading once again! And don’t worry, I didn’t forget:

Here’s where you can go to check your answer!

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Your biggest fan,

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Fredrick Frost

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Fedrick Frost

Fedrick Frost

News Reporter for Morning Bullets, Writes on Politics, Economy, Business & More. Intrested in sharing news With Fredrick? Click Here

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