| The astonishing story of how a community of online traders and investors on social media platform Reddit took on massive hedge funds in the US and won captivated the markets last week, with some of the day traders making a fortune - and the hedge funds racking up losses running into billions of dollars. In this week's Magic Markets podcast, The Finance Ghost and Mohammed Nalla (Moe-Knows) discuss one of the most exciting weeks in the market that they've seen: the short squeeze strategy WallStreetBets had on GameStop. If you don't know how short strategies work, don't worry - they explain it all. In The Week Ahead, Chris Gilmour also touches on GameStop as he reviews some of the top news that drove markets last week and lists what you should watch out for in the days ahead. Also in today's newsletter, Sasol rallied on Friday after saying it expects to deliver a strong set of interim results despite the impact of Covid-19 and a big decline in oil prices, while ArcelorMittal South Africa has also reporting improving fortunes. Updates from EOH, Barloworld and Spur and results from Hudaco too. I hope you have a good week. Stephen Gunnion Managing Editor, InceConnect
The latest from Ingham Analytics The market value of US stocks is now 185% of GDP, a record high which means the value of stocks exceeds GDP by a whopping $18 trillion says Ingham Analytics whilst the ratio of total market value to after-tax profits is at multi-year highs. With GameStop and AMC in the news "Elevator to the stratosphere?" provides timely insights on what's driving crazy markets. | 