Written by Sid Mohapatra Although we cover and provide a broad summary of financial markets, I would be remiss if I don’t shed some light on the $GME saga. I do believe it has been covered extensively in other media platforms but this ticker captured the imagination of the entire world and definitely exposed fragilities of market makers and brokers when targeted with weaponized gamma and belligerently manufactured short squeezes. From the sidelines, it’s the perfect set-up of a David vs Goliath tale but I fear this can mimic Bridgewater’s risk-parity trade that went awry in March 2020 during the corona crisis last year with historic correlations breaking down and driving volatility across asset classes. North American equities finished the week with their largest weekly loss in the last quarter as remarkable levels of market uncertainties persisted highlighting as well as raising concerns of frothy levels of speculation and risk-taking … Continue reading MarketWatch