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Sask Métis News – SoftBank’s Bet on Tech Giants Fueled Powerful Market Rally – The Wall Street Journal
Investors watching the vertigo-inducing rise—and this week’s fall—of technology stocks are buzzing about a single trade, a giant but shadowy bet on Silicon Valley big enough to pull the market up with it. The investor behind that trade, according to people familiar with the matter, is Japan’s SoftBank Group Corp., which bought options tied to…
Sask Métis News –
Merchants staring at the vertigo-inducing upward push—and this week’s tumble—of technology shares are buzzing about a single substitute, an wonderful but shaded wager on Silicon Valley mammoth ample to drag the market up with it.
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Create Your Free Account Now!The investor within the support of that substitute, basically based entirely on other folks familiar with the subject, is Japan’s SoftBank Group Corp., which sold choices tied to round $50 billion price of person tech shares. Merchants and analysts, attentive to the activity but within the dim as to who is within the support of it, reveal it has turbocharged the tech sector, whose…
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