US Stock Market Is Taken over by Speculation

WikiFX News (21 June)-Currently, a speculative atmosphere has been pervading US stocks. After the junk stocks such as bankruptcy concept stocks has been speculated, speculators begin to hype “black concept stocks”.

Whether because living in an epidemic quarantine zone or having received a government subsidy that is higher than usual salary, retail investors in US stocks have been betting on stocks of listed companies that have filed for or are close to bankruptcy, playing against each other in a highly leveraged environment.

According to the “junk stock index” constructed by analysts, since April 7th, junk stocks has significantly outperformed the Morgan Stanley Capital International MSCI US Index (MSCI US Index), and stock prices seem to have completely deviated from the fundamentals.

In addition, the “BLM (Black Lives Matter.)” movement also seems to have affected US stocks. Traders try to show their virtues by greedily hyping “black concept stocks” and betting heavily on black-owned corporation. For example, the black-operated Carver Bancorp's bank has recently risen by nearly 800%.

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