Hello and welcome to Insider Investing. I’m Joe Ciolli, and I’m here to guide you through what’s been happening in markets, as …
Hello and welcome to Insider Investing. I’m Joe Ciolli, and I’m here to guide you through what’s been happening in markets, as well as what to expect in the coming weeks. Here’s what’s on the docket: If you aren’t yet a subscriber to Insider Investing, you can sign up here. Have thoughts on the newsletter? Just want to talk markets? Feel free to drop me a line at jciolli@insider.com or on Twitter @JoeCiolli. Your weekly recap/outlook The CEO of Robinhood, a hedge fund manager who lost 53% in January, a day-trader who made $48 million on GameStop, and Ken Griffin walk into a bar… No, this is not the beginning of a bad finance joke. It’s the actual collection of individuals grilled by Congress on Thursday in a high-profile display of political theater the stock market has rarely experienced before. Gabe Plotkin — the famed hedge funder who took home $846 million in 2020, then took a massive bath on his GameStop short last month — was asked with a straight face if he’s a registered broker. He was later asked if he thought short-selling constituted market manipulation, to which he replied « no » (presumably because it doesn’t).
