From Theory to Practice

GameStop and WallStreetBets are Back

| May 13, 2024
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    From Theory to Practice

    GameStop and WallStreetBets are Back

    May 13, 2024

    Jim Schultz discusses his return from staycation, the resurgence of GameStop, WallStreetBets, and the broader market's preparation for upcoming critical economic data releases such as the PPI and CPI. He also delves into market observations, including mixed performance across stocks, futures, and commodities. Schultz highlights the upcoming important PPI and CPI prints, signaling potential volatility. Additionally, he recounts his successful trade on Reddit, influenced by GameStop's movement, and decides to close the position. Schultz explores the markets, considering new trades, and briefly discusses his portfolio's status. The conversation touches on various topics, including the peculiar resurgence of meme stocks, with Schultz providing insights and making trade adjustments in real-time.

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