Friday , January 15 2021
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US equities: broken signal

Summary:
Remember peak market euphoria?Well, errr, just another data point today from a US equity market that is absolutely, totally, completely normal. And not, we should add, in any way broken.For context, a certain newly crowned world’s richest man tweeted the following on Thursday: Now we’re not mind-readers at FT Alphaville (Virtual) Towers -- far from it. For instance, we’re still not sure what Elon meant when he tweeted this about the Securities and Exchange Commission last year: But we’re pretty certain that when he referred to “Signal”, Elon meant the encrypted messaging service owned by a non-profit organisation funded by WhatsApp co-founder Brian Acton, and not, erm, the stock of a technology company called Signal Advance (ticker: SIGL), which trades on the

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FT Alphaville is a free daily news and commentary service giving finance professionals the information they need, when they need it. In a world where market professionals are inundated with information there is a pressing need to edit and filter, and hopefully sow a few ideas along the way. That’s where the FT Alphaville team comes in.

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