Were Derivatives and SoftBank Behind The Tech Rally?
Ed Clissold, Chief U.S. Strategist, Ned Davis Research
11-Sep-20 07:37
Embed Podcast
You can share this podcast by copying this HTML to your clipboard and pasting into your blog or web page.
Close
On Monday, SoftBank's market value fell by about $9 billion after the Financial Times broke news that the Japanese tech investor was the so-called “Nasdaq whale” that drove the US stock market to record highs in recent months.
SoftBank had reportedly spent about $4 billion on options focused on tech stocks with an overall exposure of about $30 billion. However, some analysts say it can’t attribute the overall market impact solely to SoftBank.
For a better understanding of this and how it all works, we spoke to Ed Clissold, Chief U.S. Strategist at Ned Davis Research.
Image Credit: Tada Images / Shutterstock.com
Produced by: Dayana Mustak
Presented by: Roshan Kanesan, Lyn Mak, Noelle Lim
This and more than 60,000 other podcasts in your hand. Download the all new BFM mobile app.
Categories: Technology, Tech, Medical Innovation and Technology, Business Analysis, Trends and Forecasts, Markets, Investments
Tags: SoftBanks, Options, Derivatives, Nasdaq Whale, Tech Rally,
