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ASX set to slide again; Wall Street eases, GameStop rises – The Sydney Morning Herald

The ASX is expected to continue its losing run after Wall Street slumped into the weekend. Shares in GameStop jumped as retail traders continued their war against…

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Worries of a short squeeze that began earlier in the week resurfaced after an army of retail investors returned to trade shares in stocks such as GameStop Corp and Koss Corp , which shot higher after brokers including Robinhood eased some of the restrictions they had placed on trading.
The overall picture is that if there is any bad news that suggests or indicates there could be a longer hibernation period for us to be indoors and not consuming or spending that tends to set the market back and a…

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