Business COVID 19

Retail traders storm back, pushing GameStop futures above $400—while the rest of the market sinks

This is the web version of the Bull Sheet, Fortune’s no-BS daily newsletter on the markets. Sign up to receive it in your inbox here. Good morning, Bull Sheeters. It’s Friday. Let’s play a thought experiment: your we-the-people broker informs you: We’ve instituted a new rule: you cannot buy the hottest stocks on the market; you […]

Business COVID 19

The epic GameStop short squeeze continues to roil global markets—even Bitcoin is off

This is the web version of the Bull Sheet, Fortune’s no-BS daily newsletter on the markets. Sign up to receive it in your inbox here. Good morning. With the exception of the dollar, the screens are a blur of red this morning. Bitcoin, crude, gold, global stocks, U.S. futures—they’re all faltering. Not even Reddit bulls can […]

Business COVID 19

Forget Bitcoin—GameStop just topped $300 in pre-market trading

This is the web version of the Bull Sheet, Fortune’s no-BS daily newsletter on the markets. Sign up to receive it in your inbox here. Good morning. Global stocks and U.S. futures are fairly quiet ahead of a busy day of corporate earnings from the likes of Apple, Tesla and Facebook. The big action again this […]

Business COVID 19

Stocks to watch under a Biden presidency

This is the web version of the Bull Sheet, Fortune’s no-BS daily newsletter on the markets. Sign up to receive it in your inbox here. Good morning. It’s official: Janet Yellen has been confirmed as the next Treasury Secretary, a familiar face for investors. Alas, U.S. futures are under pressure this morning ahead of a big […]

Business COVID 19

What the savvy investor can learn from the bonkers rally in GameStop shares

Good morning, Bull Sheeters. Tech stocks are leading the way this morning, sending U.S. futures mostly higher, and lifting global stocks, too. It’s a big earnings week for Big Tech with one half of the FAANGM sextet reporting in the coming days. In today’s essay, I look at the bubbly trade in penny and loss-making […]

Business COVID 19

Bitcoin bombs lower, touching the dreaded $30,000 range

This is the web version of the Bull Sheet, Fortune’s no-BS daily newsletter on the markets. Sign up to receive it in your inbox here. Happy Friday, Bull Sheeters. A risk-off mood has descended over markets as COVID worries intensify. From Tokyo to Frankfurt, there’s red on the screens, and U.S. futures aren’t doing much better. […]

Business COVID 19

After an Inauguration Day rally for the record books, what’s next for stocks?

Good morning. It may have been a somewhat subdued, socially-distanced affair in Washington yesterday—LOWEST. INAUGURATION.TURNOUT. IN. MEMORY!, someone somewhere no doubt tweeted—but investors were out there, popping champagne corks. U.S. equities hit record highs on Wednesday, and today global stocks continue to rally today. Alas, Bitcoin continues to slump. Let’s see where investors are putting […]

Business COVID 19

What a Biden presidency could mean for your portfolio

Good morning, Bull Sheeters! The 46th president of the United States will be sworn in today, and the mood in the markets is upbeat. Cautiously upbeat. The source of investor exuberance is coming more from Wall Street than Washington, it must be said. A host of earnings beats from the likes of Netflix, Goldman Sachs […]

Business COVID 19

Global markets climb as investors focus on bank earnings and Yellen testimony

Good morning, and welcome back! After a weak showing last week, U.S. futures and global stocks are moving higher this morning as we head into a busy stretch for corporate earnings. Below, I offer a primer on what to look for. Oh, and Postscript is back. Reader warning: it involves food. But first, let’s see […]

Business COVID 19

The markets may be faltering, but these surprise stocks are taking off

Happy Friday, Bull Sheeters. There’s plenty of red on the screen this morning. That’s despite a flurry of headlines which the markets of yesteryear would’ve swooned over: President-elect Joe Biden plans to ask Congress for a new $1.9 trillion stimulus spending plan and Fed Chief Jerome Powell wants you to know lower-for-longer is here to […]