@peter_IFAMAG reads Twitter so you don’t have to.
Bloomberg reports nearly all of the gains made in the S&P 500 came overnight since June 8th. This leads Jim Bianco, President of Bianco Research LLC, to say, ‘this is why day trading is impossible’. Elsewhere Money Group finishes a fresh round of funding.
The ECB announces they will invest in green bond funds, read Christine Lagards full speech here.
— Christine Lagarde (@Lagarde) January 25, 2021
The head of Bafin revealed to have been sceptical of the Wirecard scandal, even after the reports of €1.8bn missing from their accounts.
The delusional state of German regulators over Wirecard : Bafin head thought there was a 50-50 chance that the reported missing cash was part of an attack by investors betting against the company @FT @OlafStorbeck
— Anne-Sylvaine Chassany (@ChassNews) January 25, 2021
Transaction levies end following the UK’s leaving the single market, Mastercard will charge 1.5% up from .3%.
— Katya Adler (@BBCkatyaadler) January 25, 2021
Jim Bianco shares a fascinating graph showing gains made in the S&P 500 overwhelmingly happening after hours.
You right about overnight gains
Since June 8, the S&P is up 608 points. 601 came overnight, only 7 came during the day (this is why day trading is impossible).
— Jim Bianco (@biancoresearch) January 25, 2021
Meanwhile Deliveroo prep for $7bn IPO.
— Jim Edwards (@Jim_Edwards) January 25, 2021
And finally, Tracey Alloway reports on the ‘Darwinian movement’ happening in UK retail as news comes of ASOS buying Topshop and BooHoo buying Debenhams.
This pandemic is accelerating a Darwinian movement in retail. Strong getting stronger and the weak are falling away. A bit of a moment that Boohoo, the online fast fashion retailer, is buying the rights to 243 year old Debenhams. No stores involved in the deal.
— Ashley Armstrong (@AArmstrong_says) January 25, 2021
What are your thoughts on these tweets?
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