What Goes Up

A Million Miles From the Memes

They’re baaaaack! Day-trader cult stocks like AMC Entertainment Holdings Inc. are dominating investors’ attention once again, with eye-popping rallies and crashes and even some free popcorn thrown in for those with the gumption to ride the rollercoaster. Kevin Russell, the chief investment officer of the $9 billion hedge-fund manager UBS O’Connor, discusses how his team tries to stay a million miles away from these companies. Russell also details the bull case for China, his outlook on inflation, and some big winning pair trades made at the height of the Covid-19 crisis.Mentioned in this podcast:<a href="https://www.bloomberg.com/news/articles/2021-06-03/amc-looks-less-like-a-cult-stock-and-more-like-an-actual-cult">AMC Looks Less Like a ‘Cult Stock’ and More Like an Actual Cult</a><a href="https://www.bloomberg.com/news/articles/2021-06-02/small-traders-swarm-options-in-dangerous-burst-of-exuberance">Meme Mania Rekindles Small-Trader Love Affair With Options</a><a href="https://www.bloomberg.com/news/articles/2021-06-03/amc-stock-sale-comes-with-warning-be-prepared-to-lose-it-all">AMC Stock Sale Comes With Warning to Traders: Be Prepared to Lose It All</a><a href="https://www.bloomberg.com/news/articles/2021-06-02/biden-to-amend-trump-s-china-blacklist-target-key-industries">Biden to Amend Trump’s China Blacklist, Target Key Industries</a>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.

Hosts Mike Regan and Vildana Hajric are joined each week by expert guests to discuss the main themes influencing global markets. They explore everything from stocks to bonds to currencies and commodities, and how each asset class affects trading in the others. Whether you’re a financial professional or just a curious retirement saver, What Goes Up keeps you apprised of the latest buzz on Wall Street and what the wildest movements in markets will mean for your investments.