The past few weeks have witnessed some incredible market action, much of it driven by a new crop of retail investors attempting to push back on the institutional investment community by piling into a number of highly shorted stocks. This, in turn, has forced investors who had shorted these names to cover their positions, lifting prices in many cases to hard-to-justify levels. GameStop Corp., for example, is still primarily a declining brick-and-mortar retailer in an electronic world.
We do not believe recent developments are a sign of an overall unhealthy market or a broader bubble. History is filled with examples of investors causing surges or collapses in the prices of small groups of stocks or bonds, which have signified little about the state of markets generally.
Here's what this indicator is saying about US stocks right now. ACTIVE INVESTOR WEEKLY EDITION: January 21, 2022 View in a browser FIDELITY VIEWPOINTS ® WEEKLY EDITION: January 21, 2022 Bollinger band stock signal Here's what this indicator is saying about US stocks right now. Read more CHART OF THE WEEK Inflation and corporate consolidation US industries have become
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