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

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

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 […]

Business COVID 19

Why Stimulus 3.0 + Impeachment 2.0 adds up to very little for investors

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. Stocks and futures are little changed on Thursday despite reports the incoming Biden administration is planning a fresh round of stimulus spending, this one carrying a $2 […]

Business COVID 19

Move over growth stocks. Here’s why investors are once again bullish on ETFs

Good morning. There’s little oxygen in these markets. Stocks are barely budging again on Wednesday as investors look ahead to the upcoming slate of earnings calls (Big Finance kick things off tomorrow) to see if this recovery trade has legs. In the meantime, all eyes are on Washington. Here’s the latest from the nation’s capital: […]

Business COVID 19

As an impeachment vote gains momentum, the markets tick higher

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. U.S. futures are slightly higher today, but political risk hangs over the markets with the Democrats determined to push President Trump out of office before next week’s Biden inauguration, […]

Business COVID 19

The cloud of impeachment hangs over the markets—even Bitcoin is sinking

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. If you were expecting a bit of a reprieve in the news flow this week, forget it. House Speaker Nancy Pelosi is laying down an ultimatum to Vice President […]

Business COVID 19

Wall Street shakes off bad jobs report, gets Biden stimulus boost

Good evening, Bull Sheeters. This is Fortune finance reporter Rey Mashayekhi, filling in for Bernhard with a special PM edition of the newsletter. It’s been a long, eventful week, to say the least—but an altogether good one for markets globally, which head into the weekend on a mostly positive note. Let’s get into the day’s […]

Business COVID 19

Markets shrug off U.S. insurrection to rally on Biden’s confirmation

Good evening, Bull Sheeters. This is Fortune finance reporter Rey Mashayekhi, filling in for Bernard for the rest of this week with a special PM edition of the newsletter. Conventional thinking says that events like those that transpired at the U.S. Capitol on Wednesday are bad for the markets. They’re supposed to wreak the sort […]

Business COVID 19

Tech futures and the dollar sink as the Georgia vote points to victories for the Democrats

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. All eyes are on Georgia. And that’s putting investors in a risk-off mood. At 2 a.m. Atlanta time, Democrat Raphael Warnock was called as the winner of […]