Interview Jack Hanney (in Pacific Time) by Skype, Zoom or Phone
The term funny money is funny only until it’s your money that has been suddenly devalued. Several major hedge firms aren’t laughing after huge numbers of people in the wallstreetbets Reddit forum banded together and decided to invest in companies (like GameStop, Nokia and AMC) that those firms had invested in, anticipating that those companies would lose value. The mass amount of money suddenly being poured into the stock of these companies caused the value to skyrocket and hedge funds to lose billions.
GameStop stock dropped around 64% on Thursday after retail trading app Robinhood restricted its trading along with other highly volatile stocks. The brokerage’s curbs affected other stocks that hedge funds had previous shorted heavily.
The wallstreetbets forum was temporarily down.
Things have continued to heat up and as people on both sides of the aisle are watching this back and forth unfold, many are wondering what this means for the future of the stock market.
Economist Jack Hanney joins us to share his expertise on the current markets as well as historical economic trends.
For more information on Hanney’s view of the economy and exploring gold as an investment, visit: PatriotGoldGroup.com.
ABOUT JACK HANNEY…
Jack Hanney has been in the financial markets for 25+ years and is widely heralded as an expert in his field.
Jack was born and raised in Westchester County, NY. Jack subscribed to The Wall Street Journal at the age of 14 and moved to California in his early 20’s to study under Investor’s Business Daily founder William O’Neill.
Jack Hanney went on to be the General Manager and Director of Sales at several algorithmic automated trading companies trading the futures and commodities markets working with Introducing Brokers out of Chicago, Geneva and NYC. Jack was recruited by several tech startups and made a name for himself at Infosearch Media, Virtumundo and The Design People before returning to Finance. Jack passed on Morgan Stanley and other reputable, prestigious Brokerage firms to be a CFP in their Wealth Management Divisions and opted for a position as Senior Executive Trader with MG Private Client Services where he spent 4 years 2010-2014.
Jack Hanney had spent two years as Director of Trading, Executive Vice President of WDM overseeing the Retail Division before cofounding Patriot Gold Group a collective of Industry-Leading Experts bringing their clients Investor Direct Pricing and superior customer service.
Jack has written over half a billion dollars in business and trades maintaining outstanding relationships with his clients at Patriot Gold Group (PGG), where he is a senior partner. Jack resides in Los Angeles, California with his wife Amy and is the proud father of his two daughters, Kate age 13 and Luna age 21 & their two dogs Roxy & Daisy.
CONTACT: To schedule an interview with Jack Hanney, email Jerry McGlothlin of Special Guests at 919-437-0001 jerry@specialguests.com
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