Little Fish Replaced by Sharks in Driving Speculative Stocks
- Retail has retreated in speculative tech, Chinese EVs: Vanda
- Hedge funds trying to cash in on day-trader mania: Donabedian
Photographer: Drew Angerer/Getty Images
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Some of the hottest retail trades have been hijacked by professional money managers.
From unprofitable tech companies, to Chinese electric vehicle makers, to space-tourism company Virgin Galactic Holdings Inc., institutional cash is in the driver’s seat according to Ben Onatibia and Giacomo Pierantoni of VandaTrack Research.