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The GameStop stock saga was mostly viewed through the lens of small retail investors finally putting one over on big hedge fund manager.

Axios Re:Cap speaks with Ray Dalio, founder of hedge fund giant Bridgewater Associates, to get his perspective on the past week and whether it reflects a fundamental rot in the stock market and U.S. economy.

Go deeper

Feb 2, 2021 - Podcasts

Rep. McHenry on upcoming hearing about GameStop, Reddit and Robinhood

The House Financial Services Committee on Feb. 18 will hold a hearing titled “Game Stopped? Who Wins and Loses When Short Sellers, Social Media, and Retail Investors Collide." Among those expected to testify is Vlad Tenev, CEO of stock trading app Robinhood.

Axios Re:Cap speaks with Rep. Patrick McHenry (R-N.C.), the committee's ranking Republican, on what he hopes to learn and what legislation or regulation might follow.

Dion Rabouin, author of Markets
Feb 2, 2021 - Economy & Business

Stock traders return to buy the dip

Stock indexes around the globe bounced back on Monday as traders bought the dip in equities following last week's market drubbing.

Why it matters: With hedge funds selling out of top tech names and volatility spiking, there had been worry that the market's bull run could be in danger. Monday's price action showed there is still a contingent of bullish traders willing to bargain hunt after stocks fall.

Airlines, unions want DOJ to prosecute unruly passengers

Photo: Nicolas Economou/NurPhoto via Getty Images

A coalition of airline industry partners asked the Justice Department on Monday to begin prosecuting disruptive passengers.

Why it matters: Increased political divisions and conflict over pandemic guidelines have led the Federal Aviation Administration to take some form of enforcement action over 400 times in the first five months of 2021, compared to 146 in all of 2019, according to the coalition.