Like a lot of parents these days, Cameron Crise is dealing with a teenager at home who wants to get into day-trading and reap the type of the windfalls boasted about by the WallStreetBets crowd.

Crise, a former hedge-fund trader and now a strategist at Bloomberg who writes the “Macro Man” column, had a novel way of handling the situation. Inspired by the classic movie “Trading Places,” he proposed a $1 bet on where GameStop shares were headed and another wager that his son Patrick could not double his money in three days with some Reddit-inspired paper trading that didn’t actually put any of the son’s – or more importantly, father’s -- money at risk in the market.

Who won this battle of Macro Man vs. YOLO Boy? Tune in to find out!

Mentioned in this podcast:

Meme Stocks Lose $167 Billion as Reddit Crowd Preaches Defiance

Reddit’s Market ‘Hype Machine’ Is in a Quest to Drive Out Bots

Like a lot of parents these days, Cameron Crise is dealing with a teenager at home who wants to get into day-trading and reap the type of the windfalls boasted about by the WallStreetBets crowd.Crise, a former hedge-fund trader and now a strategist at Bloomberg who writes the “Macro Man” column, had a novel way of handling the situation. Inspired by the classic movie “Trading Places,” he proposed a $1 bet on where GameStop shares were headed and another wager that his son Patrick could not double his money in three days with some Reddit-inspired paper trading that didn’t actually put any of the son’s – or more importantly, father’s -- money at risk in the market.Who won this battle of Macro Man vs. YOLO Boy? Tune in to find out!Mentioned in this podcast:<a href="https://www.bloomberg.com/news/articles/2021-02-02/moonshot-stocks-lose-167-billion-as-crowd-preaches-defiance">Meme Stocks Lose $167 Billion as Reddit Crowd Preaches Defiance</a><a href="https://www.bloomberg.com/news/articles/2021-02-02/reddit-s-market-hype-machine-is-in-a-quest-to-drive-out-bots?sref=jaGkMhDb">Reddit’s Market ‘Hype Machine’ Is in a Quest to Drive Out Bots</a>

Hosts Mike Regan and Vildana Hajric are joined each week by expert guests to discuss the main themes influencing global markets. They explore everything from stocks to bonds to currencies and commodities, and how each asset class affects trading in the others. Whether you’re a financial professional or just a curious retirement saver, What Goes Up keeps you apprised of the latest buzz on Wall Street and what the wildest movements in markets will mean for your investments.

Hosts Mike Regan and Vildana Hajric are joined each week by expert guests to discuss the main themes influencing global markets.

What Goes Up

Macro Man Vs. YOLO Boy

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/c48d1c16-3203-497b-9611-ae3c002d7223/transcript

Advertisement