DJIA

'Squashed like a bug': distressed bond manager makes multi-billion dollar bet against Tesla

‘Squashed like a bug’: distressed bond manager makes multi-billion dollar bet against Tesla

Scott Burg, the chief investment officer of Deer Park Road Management Co, who predicted that Tesla would become “crushed like an insect” in a 2020 tweet, he bought put options on nearly 4.8 million Tesla shares in the second quarter, according to a regulatory filing this week, Bloomberg and Barron’s reported. The stock backed by …

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Has the Fed 'Misinterpreted' Stock Market Again?  What strategists say about the reaction to the July minutes

Has the Fed ‘Misinterpreted’ Stock Market Again? What strategists say about the reaction to the July minutes

Minutes from the Federal Reserve’s July meeting — at which policymakers raised benchmark interest rates by 75 basis points — indicate that stock market participants were pricing in a “less aggressive” policy outlook too quickly, some strategists argued Wednesday. Federal Reserve officials agreed in July that it was necessary to raise their benchmark interest rates …

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