Stonkhead: The biggest market (t)memes of the week
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Here is this week’s top investing news. With memes.
Not surprisingly, Trump is refusing to concede the US Presidential election. Long shot efforts by his legal team to win are akin to — in the infamous words of his former campaign adviser Steve Bannon — “flooding the zone with shit”.
(You’ll have to click on this one, it’s a bit NSFW.)
Many traders don’t care. Stimulus is on its way, regardless of who lives in the White House next year. But here’s one punter who hopes Trump pulls a miracle out of the bag.
Meanwhile, global markets went gangbusters on Pfizer’s COVID-19 vaccine announcement. But stocks that went bananas during lockdown – tech, online retail, bnpl, biotech – hit the skids. Also, the poor Brisbane Broncos.