Ep.78: China Slowdown & The Revenge Of The Meme Stocks
Channel: AmplifyME
Date: 2022-08-24

In this episode, we focus on the increasing economic challenges being felt in China, who earlier this week surprised the market and cut interest rates for the first time since the beginning of the year. We look at why things are so bad and what might happen next.

Next, we turn our attention to the return of the meme stock craze with reports suggesting that short sellers have lost an estimated $1.65bn in this month alone. But what exactly is a 'short squeeze' and a 'call option' and who the hell is Jake Freeman, the 20-year-old college student who made $110mn trading Bed Bath & Beyond!

As ever, you can also expect the regular wrap-up of this week's major stories from Warren Buffett increasing his stake in Apple to Elon Musk briefly causing a 17% spike in Man United shares.

Spotify https://open.spotify.com/episode/4lClxq2f4YcaUO9RQWzXme
Apple https://podcasts.apple.com/gb/podcast/mm078-china-slowdown-the-revenge-of-the-meme-stocks/id1552220528?i=1000576591728

Daily newsletter https://amplifyme.com/market-maker
Free Finance Accelerator simulation https://amplifyme.com/course/finance-accelerator

Connect with Anthony https://www.linkedin.com/in/anthonycheung10/
Connect with Piers https://www.linkedin.com/in/pierscurran/