A Million Miles From the Memes

They’re baaaaack! Day-trader cult stocks like AMC Entertainment Holdings Inc. are dominating investors’ attention once again, with eye-popping rallies and crashes and even some free popcorn thrown in for those with the gumption to ride the rollercoaster. Kevin Russell, the chief investment officer of the $9 billion hedge-fund manager UBS O’Connor, discusses how his team tries to stay a million miles away from these companies. Russell also details the bull case for China, his outlook on inflation, and some big winning pair trades made at the height of the Covid-19 crisis.Mentioned in this podcast:AMC Looks Less Like a ‘Cult Stock’ and More Like an Actual CultMeme Mania Rekindles Small-Trader Love Affair With OptionsAMC Stock Sale Comes With Warning to Traders: Be Prepared to Lose It AllBiden to Amend Trump’s China Blacklist, Target Key IndustriesSee omnystudio.com/listener for privacy information.