Hints and tips:
...The S&P 500 index of US stocks rose 0.6 per cent last month and is up almost 12 per cent in the first five months of the year....
...Melvin Capital, hit during the GameStop frenzy, was down about 40 per cent to November. Some funds, however, have prospered....
...Square” (Defector) — The ‘Crying CEO’ says he loves his employees — even those he laid off (Newsweek / Bloomberg $) RNS watch: GSK and Haleon release statements in response to Thursday’s Zantac stuff; 888’s...
...The regulator’s decision comes after it twice rebuffed Point72’s applications and after Cohen’s previous firm SAC Capital was sanctioned in 2013....
...Tech tools — Xiaomi Book S Chinese tech companies continue to expand beyond the smartphone....
...2003 film installation Baltimore, located in the museum’s Warner Bros gallery, is presented in conjunction with Regeneration and serves as a complementary homage to writer, director, producer and actor Melvin...
...Gabe Plotkin’s Melvin Capital was the highest-profile casualty, losing 53 per cent last month and seeking a bailout....
...Melvin Capital, Whale Rock and RiverPark’s Long/Short fund all saw drops of more than 20 per cent in the quarter, as consumer, technology and growth stocks more generally struggled....
...The benchmark S&P 500 share index fell 4 per cent, its biggest loss since June 2020, while the tech-dominated Nasdaq Composite ended down 4.7 per cent....
...Chart of the week Like vampires, Freddy Krueger and goldbugs posting dual axis charts of US M2 overlaid with the S&P 500 on Twitter, the Bloomberg Terminal refuses to die....
...Among the hardest hit by the struggles of consumer, technology and growth stocks were Tiger Global, Melvin Capital, Whale Rock and RiverPark....
...2.45 per cent to 2.21 per cent, according to data collected by S&P Global Market Intelligence....
...In the autumn of 2021, the nominal trading volume of Tesla options exploded to $241bn a day, as much as all other S&P 500 options combined. Amateur investors are keen punters here....
...The US S&P 500 index and tech-heavy Nasdaq Composite both slid 2.6 per cent....
...That contributed to the S&P 500 losing 3.3 per cent last week, its biggest weekly loss since the nervy trading that preceded the US presidential election....
...The Nasdaq is now down about 6 per cent from the record high it reached on April 29, while the broader S&P 500 is off about 2 per cent from its May 7 peak....
...But after Melvin Capital Management required a bailout for being on the wrong side of the GameStop trade, fellow hedge funds are facing higher borrowing costs and more constraining volatility metrics....
...Among the funds that have suffered is Melvin Capital, run by former Steve Cohen protégé Gabe Plotkin....
...The 50 stocks most frequently shorted by hedge funds have outperformed the S&P 500 so far this year, according to Goldman Sachs....
...Squeezing hedge funds such as Melvin Capital which committed the cardinal error of being stuck in a very crowded trade, has a long history among profession traders....
...Perhaps we should turn to latest from Albert Edwards of SocGen which (by riffing off a tweet from Tom McClellan) posits deflating stock prices by money supply as a way to rationalise the rebound....
...At second-quarter results last month Brian Duperreault, chief executive, said the slimmed-down company no longer “meet[s] the hurdles” for the Sifi designation, after “dramatic” changes to its risk profile...
...He cites research by Equilar, a US provider of corporate governance data, which showed that the median value of options awarded as part of pay packages in S&P 1500 companies halved between 2009 and 2013....
...Doing the analysis of 8,000 companies and 80,000 resolutions is impossible,” Mr Melvin says....
...The supposed benefits of the Paleo diet were first discussed in an article by S. Boyd Eaton and Melvin Konner in the New England Journal of Medicine in 1985....
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