Meta’s Classic Short Squeeze, Magnificent 7 Earnings & Retiree Spending Rules
The Money Wise guys are back in the studio and the big news is Meta’s comeback – also known as a classic short squeeze. But first, last week’s numbers from Wall Street: The Dow was up 1.4%, the S&P 500 was up 1.4%, and the NASDAQ was up 1.1%. YTD the Dow is up 2.6%, the S&P is up 4.0%, and the NASDAQ is up 4.1%. We’ve finished the month of January and all three indices were up by about 1%, which tends to bode well for investors as the year unfolds. The Money Wise guys discuss the impact of the Federal Reserve meeting last week, a particularly bad day for the S&P, and Meta’s shocking earnings. Talk about a comeback! Though it was a classic short squeeze, folks. The guys also discuss earnings news for the Magnificent 7, Mark Zuckerberg’s record-breaking wealth ascension, and the damaging social media impacts discussed in Zuckerberg’s recent congressional testimony.
What is a Short Squeeze, Anyway?
The Money Wise guys call Meta’s comeback a classic short squeeze in this episode, but what does that mean? A short squeeze describes a market phenomenon where s sharp rise in the price of an asset forces traders who previously sold short to close out their positions. It’s called a short squeeze because this strong buying pressure “squeezes” the short sellers out of the market. Check out more short squeeze information here.
In the second hour today, the Money Wise guys discuss Retiree Spending Rules. You don’t want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.
