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SPACs Facing Tripartite Challenge Of Excess, Mountains Of Paperwork And People With Other Things To Do With Their Stimulus Checks


SPACs Facing Tripartite Challenge Of Excess, Mountains Of Paperwork And People With Other Things To Do With Their Stimulus Checks
No one’s giving them a blank check anymore.
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Apr 1, 2021
Niklas Bildhauer (who also is User gerolsteiner91., CC BY-SA 2.0 , via Wikimedia Commons
No one’s giving them a blank check anymore.
It has been two weeks since the Treasury Department started sending $240 billion worth of electronic payments to households…. Daily equity purchases by individual investors have remained stable at around $11 billion in recent weeks on a 10-day rolling basis, data from flow tracker VandaTrack shows. This is sharply different from what happened in April 2020, when checks immediately led to a jump in retail flows, or January of this year, when the impact was also clearly noticeable two weeks in…. Thanks to vaccinations and lockdowns easing, there are more ways to spend money recklessly away from home. Chase figures suggest t ....

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Gamestop Corporation (NYSE:GME), (AMC) - GameStop, WallStreetBets Inspire Opening Of Tip-Trading Bar In Tokyo And Young Investors Are Flocking


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A bar inspired by Reddit community WallStreetBets has opened its doors in Tokyo and emerged as a place for investors to talk about stocks, Bloomberg reported Wednesday.
What Happened: The tavern dubbed Stock Pickers reportedly came into being in March after a successful crowdfunding endeavor raised more than $50,000.
The establishment is the idea of Satoshi Uehara, a pseudonym used by a popular investing influencer on Twitter.
Young investors are flocking up to meet Uehara but experienced traders are also turning up to offer advice to rookie traders, said Riki Yamauchi, the bar’s public relations manager.
Beverages at the bar include “Margin Call”, “Lehman Shock” and “Abenomics.” ....

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Stocks to buy amid economic reopening, stimulus check spending: BofA


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The coming weeks could see a pickup in home improvement spending given the recent stimulus bill that reached American wallets in the form of $1,400 checks.
Brent Clark/AP Images for Lowe s
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Consumers are already thinking about what they will spend on as the economy reopens.
BofA surveyed consumers to figure out the market implications of their changing spending behavior. 
BofA sees five stocks benefiting from the jumps in demand for various activities. ....

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Stock picks to buy: 4 cyclical names, 2 that could rise 100%: CIO


For now, though, the coast seems to be clear for stocks, according to Jordan Kahn, the chief investment officer at ACM Funds and comanager of the ACM Dynamic Opportunity Fund, which takes a long-short approach that s somewhat in the fashion of a hedge fund.
In addition to the gargantuan stimulus package that will be supportive of consumer spending, equity investors can rely on the fact that the global recovery is still in its early stages, interest rates remain low, and the
Federal Reserve
is committed to quantitative easing, Kahn told Insider on Wednesday.
He said he thought it would take several rate hikes from the Federal Reserve before stocks were hurt. As of now, it appears that the Fed will keep the federal funds rate near zero at least into 2022, if not longer. ....

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