Sofa investors defeated Wall Street, All-Russian Searches Day and Fashion for Luxury Sweaters

Investors from Internet forums defeated Wall Street at the Battle of Gamestop. This can change the American stock market

Wall Street defeated the Reddit hamsters: a two-month battle of retail investors from Internet forums with hedge funds around the Gamestop chain of stores ended with an unconditional surrender of investment bankers, which recorded losses of $ 5 billion. “Reddit Revolution” threatens to completely block the Short-Selling industry, and The power that investors from the forums demonstrated was to change the American stock market: even the White House had to comment on the situation today.

• Hedge funds threw a white flag after the start of today's trading, when, against the background of the general fall in the market, Gamestop shares went up by the next 120%. At night, before opening the trading of the company's quotes, the main enemy of Short-seller Ilon Musk was additionally heated: one of his tweet with one word “Gamestonk!” (a pun with the word Stonk - “bombardment”) forced the paper to take off 47%in a matter of minutes.
• There is no longer a shorts on GameStop, after the start of trading on CNBC , the founder of the Melvin Capital, Gabriel Plotkin, who headed the attack of shortists on a dying chain of video games stores. His main ally, the head of Citron Capital, Andrew Left, announced that his fund closed his position in GameStop with a loss of 100%, and the defeated “sofa investors” with Reddit advised me to save money and not forget to pay taxes from his profit.
• About the “Battle of Gamestop”, which was the first large clash of the army of unprofessional investors coordinating actions on Internet forums, with professionals with Wall Street, we told in detail yesterday. Promotions of a chain of stores selling disks with video games, films and other popularity that have been lost, have fallen for the past six years. In 2020, hedge funds began to pour billions of dollars into the rates for a drop in shares (short positions, they are shorts). But at the end of November, the Reddit forum users conspired to take revenge on the “stubborn boomers”, a melting company, and decided to start buying up the company's shares to “take money from them”. Since then, the company has risen in price by more than 1000%.
• Neither Plotkin nor Left called the total amount of losses of their funds, but it is calculated by billions. On Monday, the titans of hedge funds Ken Griffin and Steve Cohen announced that they had poured $ 2.75 billion in the Melvin Capital, which lost about 30% of capital due to unsuccessfully open short positions. In total, since the beginning of the year, the funds that shortened Gamestop have lost $ 5 billion, and S3 Capital analysts are evaluated .
• Hedge funds, including those who have nothing to do with the drama around Gamestop, became leaders of the invasion fall in the American market. The influx of small investors, the bunning shares of Gamestop “on the joke” continues: on Wednesday it caused malfunctions in the online applications Robinhood, TD America and other mass brokers, as well as at the Reddit forum, with which the attack on hedge funds began.
• The Reddit Revolution threatens to completely redraw the Short Selling industry, on which hedge funds earn billions of dollars, writes Bloomberg. This is a rather dirty game - a small number of large funds are put on a drop in paper, reports that convinces the shareholders that it is overestimated and then fixed profit. The days of shorting in the style of “hit and earned” with this story are over, quoted by the edition of the legendary short-seller Mark Khodes, who played against Warren Buffett.
• The situation, meanwhile, has already gone far beyond the borders of the same paper-“sofa investors” buy shares of other companies in which hedge funds occupy short positions. The new favorite of Reddit has become the AMC cinema network injured in the pandemic - for today its shares have already taken off by 260%. There are others, including, for example, the manufacturer of BlackBerry smartphones. The full list is given by WSJ.
• The GameStop precedent threatens the American stock market with such changes that today even the White House had to comment on it-the press secretary of Joe Biden Jennifer Psaki said that the US administration and the US Ministry of Finance are closely monitoring the development of events.

What am I to me?

In Russia, a similar story is unlikely to be possible, but this is only a matter of time - the number of retail investors on the Moscow Exchange this year should exceed 10 million.

"Russian norms"

The new hero is the founder IVI

Video gestation services, along with online stores and services for remote work, became the main hit of 2020. In the fall, the largest Russian online cinema IVI.RU began to prepare for an IPO in the United States, but it did not take place due to the bill on limiting the share of foreigners in video services, introduced in the State Duma in December by deputy Anton Gorelykin. Oleg Tumanov, founder and general director of the online cinema-cinema, told Elizabeth Ossetian for the Russian Norms! ”, As he left his career in finances for his work, predicted his business for tens of percent every year and compared three oligarchs with whom he worked.

MONEY

Tax special forces for rich

Wealthy taxpayers with an income of more than 500 million rubles will have a special tax VIP inspector, which will check the Russian highlights and ultrahainets regardless of the region of their residence, VTIMES found out . The centralization of these wealthy people will strengthen control over their income and its quality and can allow avoiding such incidents as at the end of 2020, when ordinary inspections checked people with foreign accounts and customers of foreign brokers and demanded that tax lawyers be paid to the publication. But business is predictably disliked by the innovation. “Everyone is calmer when income is checked by ordinary inspectors, and not specialists sharpened for this,” said VTIMES, chairman of the board of a large company.

Putin in Davos: for all the good against everything bad

For the first time in 12 years, Vladimir Putin performed in Davos. As we expected in the morning, he did not miss the case of boasting of the extension of a nuclear agreement with the United States START-3. He told the forum participants about a rather traditional set of threats, which loudly called what happened in the 1930s. Among them, he called the strengthening of social stratification, polarization of social views and the growth of populism, in the economy - property inequality and unemployment (including the future - associated with artificial intelligence. This was followed by Putin’s economic program in the style of “for all the good against all the bad”: a person should have a comfortable environmental environment and a worthy standard High -quality effective medical care and decent education.

Protests

All -Russian day of searches

On the eve of the court of appeal by the arrest of Alexei Navalny, the security forces transparently hinted at what this decision would be: in the afternoon, hundreds of police officers conducted searches at the apartments of Alexei Navalny, more than a dozen FBK officers and opposition activists. Julia Navalny and FBK employee Georgy Alburov refused to let the security forces without the presence of a lawyer - the police broke the doors in their apartments. In total, searches were held at least 12 apartments, in the office of the FBK and the studio, where the stream “Navalny Live” is removed. They are carried out in the very exotic case related to the protests on January 23 - on a violation of the sanitary rules that threatened the mass disease.

The Bellingcat group, meanwhile, published a new portion of the investigation of mysterious poisoning, the victims of which were monitored by the FSB officers who appeared in the investigation of the poisoning of Navalny. We are talking about the deaths of three people in no way connected with each other-the Kabardino-Balkarian journalist Timur Kuashev, the Dagestan activist Ruslan Magomedragimov and the politician Nikita Isaeva associated with the administration of President. All of them, young and healthy people, died under strange circumstances, and before their death, employees of the FSB forensic Fricacal Institute appeared next to them, writes Bellingcat.

PRACTICE

What shares to watch in 2021

The traditional annual Bloomberg rating - analysts of the Bloomberg Intelligence unit have made up a list of 50 companies that should pay attention to investors in 2021. For example, the list in the field of cybersecurity Crowdstrike, which has become well known in Russia thanks to the Russian hackers , delivery of food, Delivery Hero, which the hero of the Russian Norms participated in the creation of it! Eduard Shenderovich. And for investors who were inspired by the crazy story of the Square of the Retail Gamestop, organized by De-traders with Reddit, WSJ has a rating of other companies popular among Robinhood hamsters.

Luxury sweaters for zoom

One of the unexpected consequences of the pandemic in the world of fashion is a two -digit (and sometimes three -digit) increase in demand in the category, which until recently seemed marginal for luxury retail: expensive sweaters, writes WSJ. The new trend has several understandable reasons: Zoom-oriented concentration of people in the upper half of the wardrobe, an increase in the social role of home clothing and the role of street communication in the era of social distance. The publication gives the most popular luxury sweaters from $ 225 to $ 2890 and tips of stylists, with which to combine them for zoom calls.