Day Traders Cash In On Suez Blockage

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    Greensea Systems
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    By Stephen Stapczynski (Bloomberg) As soon as retail investor Calvin Froedge heard that a massive container vessel was stuck in the Suez Canal, he pulled his car over to the side of the road, opened up his laptop, and started buying shipping stocks.

    “It’s a huge shipping chokepoint,” said the American, who lives near another important waterway in Panama. “This is actually kind of a black swan thing.”

    Froedge is one of an increasingly influential army of day traders who — like Read more by visiting gCaptain.

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