Ironically, global markets, in particular US equity markets, appear to be inversely proportional to the “retail Reddit” stocks such as GameStop; AMC Entertainment Holdings, a cinema operator; and Express, a physical fashion retailer. These are the socalled old economy stocks which surged with the help of social media. Retail investors in particular should note that MUST Asset Management, a Korean-based fund manager that used to own 4.7% of GameStop sold all its shares following the surge last month, as announced in a filing on Jan 28.

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