They’re baaaaack! Day-trader cult stocks like AMC Entertainment Holdings Inc. are dominating investors’ attention once again, with eye-popping rallies and crashes and even some free popcorn thrown in for those with the gumption to ride the rollercoaster. Kevin Russell, the chief investment officer of the $9 billion hedge-fund manager UBS O’Connor, discusses how his team tries to stay a million miles away from these companies. Russell also details the bull case for China, his outlook on inflation, and some big winning pair trades made at the height of the Covid-19 crisis.

Mentioned in this podcast:

AMC Looks Less Like a ‘Cult Stock’ and More Like an Actual Cult

Meme Mania Rekindles Small-Trader Love Affair With Options

AMC Stock Sale Comes With Warning to Traders: Be Prepared to Lose It All

Biden to Amend Trump’s China Blacklist, Target Key Industries