Good morning and welcome to your Morning Briefing for Wednesday 8 June, 2022. To get this in your inbox every morning click here. Reshaping of the FCA's Covid survey As the Covid-19 pandemic broke out, the Financial Conduct Authority sent mandatory surveys to regulated firms such as financial advisers, wealth
r/WallStreetBets and the rise of the amateur traders: 1990s repeat or the new market reality?
Assessing the fallout from GameStop and silver trading
Some experts fear amateur trading spikes, such as the GameStop and silver episodes, may become more common
The past fortnight has seen market commentary fixated on wild share price moves across certain US-listed stocks including GameStop (GME), as retail investors associated with Reddit forum r/WallStreetBets (r/WSB) piled in as part of a coordinated attack on hedge funds, via a short squeeze.
It has led to some heavy losses on both sides of the trade, most notably via the performance collapse of multi-billion dollar hedge funds, while other areas of the market have also been impacted as the long/short vehicles were forced to unwind unrelated positions.