Band of Traders - Together We Trade 03-11-22: Meme Stock Surge and the Dreaded "R" Word
This week in the China Shop, talks of recession dominate the headlines as inflation numbers stay elevated and oil prices continue to surge. In Stocks and Options, Pimco faces massive losses, Amazon announces a 20-1 split and Ryan Cohen makes a large investment in BBBY. Over in the Crypto Corner, Ebay teases a digital wallet and Biden issues a Crypto Executive Order. The first week of a new Bet ended and someone other than Random is finally in the lead.
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Links:
Yellen Says Inflation Could Be Elevated for a Year
BofA Warns of Consequences of Oil Above $125
Dems Introduce Bill to Tax Large Oil Company Profits
AMZN Announces 20-1 Split, Stock Buyback
Pimco Faces Losses from Exposure to More Than $1 Billion in Russian Debt
SEC Identifies 5 Chinese Stocks for Potential Delisting
Cohen's RC Ventures Buys Nearly 10% Stake in BBBY
EBay Teases Digital Wallet at Investor Presentation
FBI Director Says Russia Overestimates Ability to Bypass Sanctions Using Crypto
Biden Issues Crypto Executive Order
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