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Stocks extend rally, Moonpig shares surge, silver retreats, GME sinks


Tue, 2 February 2021 | Written By:
Neil Wilson
Neil is chief market analyst for Markets.com and also writes for the Investors Chronicle as ‘The Trader’, with the daily market outlook published online each morning.
Stocks extend rally, Moonpig shares surge, silver retreats, GME sinks
Risk is bid as stock markets extend bounce
Moonpig prices IPO at 350p, shares surge to 440p
Silver retreats from 8-year high, GameStop shares sink
Inflationary pressures reappear in manufacturing PMIs
Confidence has returned to global equity markets with stocks in Europe higher again this morning after bouncing back on Monday from a choppy final week of January. We can probably put this down to bears lacking any serious catalyst, the combination of stimulus and vaccines still underpinning a broad confidence, and Chinese repo market stress from last week is fading. The FTSE 100 rallied almost 1% and is up again b ....

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Billionaire Leon Cooperman says GameStop surge will 'end very badly for the public' and decries people 'attacking' the rich


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Billionaire Leon Cooperman says GameStop surge will end very badly for the public and decries people attacking the rich
Billionaire Leon Cooperman says GameStop surge will end very badly for the public and decries people attacking the rich
Harry RobertsonJan 29, 2021, 17:17 IST
Leon Cooperman decried the public and politicians attacking the wealthy. CNBC/Getty
Leon Cooperman said the
He also defended short-sellers and Melvin Capital s Gabe Plotkin.
And he said anti-elite sentiment was bullshit and hit out at people attacking the rich.
Billionaire investor and hedge fund manager Leon Cooperman has said he thinks the short-sellers attacking GameStop will have turned out to be right and that the saga will end very badly for the public. ....

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