Money Stuff: The Podcast Equities in Secaucus: TXSE, PSUS, GME
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Jun 7, 2024 Matt and Katie dive into the potential of a new stock exchange in Texas, comparing it to giants like NYSE and NASDAQ. They explore Northern New Jersey's influence on the equity market and discuss hedge fund strategies amidst challenging conditions. The talk shifts to the differences in fund fees and the perplexing rise of fake investment ads. Roaring Kitty's return and its social media impact on GameStop's stock is examined, revealing the complexities of modern trading dynamics. A fascinating discussion that blends humor with serious financial insights!
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Texas Stock Exchange's Strategy
- The Texas Stock Exchange aims to differentiate itself through a political lens, potentially attracting companies dissatisfied with existing regulations.
- It also plans to compete for ETF listings by offering lower fees, a growing market for exchanges.
Target Tesla
- The Texas Stock Exchange should target Elon Musk to list Tesla, given his penchant for unconventional moves.
- Attracting a major listing like Tesla would lend credibility and momentum to the new exchange.
Equities in Dallas
- Matt Levine notes that the term "equities in Dallas" was previously a Wall Street insult, referencing trainees sent to less prestigious roles.
- Now, it is the actual business model of the new Texas Stock Exchange.
