The first-ever Cashtag Awards just went down. On Thursday, a few hundred people gathered in New York City to talk about markets, stocks, and new companies in fintech. It was also the first Stocktoberfest in the the city that never sleeps. This photo might shed some light on the things that were going on:
So who won the Cashtag Awards? What were the top picks? We asked 200+ people to vote. They were either influencers with big positions in markets or financial media, or some of the most active investors in the StockTwits community. Here’s who they picked and why.
Election night was pure chaos. Especially for world markets. Trump won! WTF who thought that would actually happen? S&P 500 Futures basically crashed. But then out of nowhere, they started to pop. Here’s a chart to remember and someday we can tell our grandkids about it. Especially how everyone was pretty shocked. The greatest chart of 2016 was awarded to S&P 500 futures before and after the election.
Other nominees: $NVDA climbs more than 300% in 2016 and its market cap goes from $15 billion to $60 billion (NVIDIA in December), DryShips $DRYS spikes more than 1,000% in just a few days and creates pure market mania (yes it went from $3 to $100), Bitcoin climbs back above $1,000 (and what a year it had)
The Trump Rally is still going as we type. Go out on the street and start asking random people about that. “Hey, so did you think the entire stock market would go up because Donald Trump was elected President?” If they say yes to you, they’re lying. Just walk away. The votes awarded the most talked about market story of 2016 to The Trump Rally.
Other nominees: Brexit and its impact on the world, the scandal and crash at Valeant $VRX, Twitter $TWTR buyout rumors, negative interest rates, the rally in semiconductors, the crash of Deutsche Bank
This one was competitive. There are some amazing bloggers on the financial web. Just start thinking about all the names who come to mind. The list goes on. And it’s only growing and getting better with each day. However, this is an award show and one person must win. There are no ties here. The winner was… drum roll please… Matt Levine of Bloomberg View. To refresh your memory and see some of his recent work, go here and find his simplified visual of neural networks. 😂
Other nominees: Urban Carmel (The Fat Pitch), J.C. Parets (All Star Charts), Michael Batnick (The Irrelevant Investor), Morgan Housel (Collaborative Fund), Tadas Viskanta (Abnormal Returns), Cullen Roche (Prag Cap), Ben Carlson (A Wealth of Common Sense)
We love you all. This is a hard one. But many will probably agree with who the community voted for. His charts are always crisp. Like a fresh bottle of bubbly. When he posts, it’s popping off. All-time highs? He’s on it. Central Banks getting wild around the world and cutting rates crazy fast? He already has the chart for you. @CharlieBilello won this award. Congrats!
To everyone reading, make sure you check out his blog post about the award.
Some of you are also on Twitter. Some of you may also remember the humble beginnings of StockTwits and its days on Twitter. Wow. What a time that was. What a time it is today. What a time to be alive. So who won the best financial Twitter account? He’s a triple threat player. He tweets, he blogs, and he’s got jokes. That’s some serious talent. Like a young Kobe Bryant. Congrats to @MichaelBatnick for being voted the best.
These guys are relentless. You’ve probably seen them around. On TV, on StockTwits, on Twitter, or somewhere deep in the web through blog links. Maybe you know them in person. Congrats to Ritholtz Wealth Management for winning this award.
New traders and investors step onto StockTwits every day. They take the plunge. They start sharing ideas and going at it. Making picks and pitching ideas to everyone. That’s how it all starts. You’re the next big thing. But only a few very determined ones manage to rise. But when they do, it’s incredible. Congrats to @ATMCharts for winning this award and now being a level 3 CMT candidate.
The bot scene is very real. It’s only just getting started. We’re actually probably one of the first award shows to be giving an award to a robot. Unbelievable. But we like to think we’re ahead of the curve. So stick with us. We asked everyone who follows a bot for investing or trading what their favorite is. The winner? @SwingTradeBot!
It happens every year and we probably need to hold them accountable more often. Someone goes on TV or writes an op-ed somewhere making a really bold and outrageous call about the stock market. Who made the most outrageous call in 2016? Who said that one thing that looked so stupid at the time but was actually totally correct? Or who was so sure something would happen and then WHAM, it went totally against them? The people voted, by a large margin, that this award should go to Bill Ackman staying long Valeant and once calling it “the next Berkshire Hathaway.”
Other nominees: Carl Icahn buys $1 billion in futures on the night of the election, Dennis Gartman says, “Sell The World” in June 2016, RBS says, “Sell Everything” in January 2016, Barron’s releases a cover that says “Here Comes $20 Oil”
It’s a new era for the stock market and the media that surrounds it. The meme game is coming in strong. People are now tying memes to major market moments. We’ve seen some great ones. But everyone agrees on the winner for 2016. So if you used the Crying Jordan meme in a moment of market mania, you nailed it. That’s the winner for market meme of the year.
Other nominees: BTFD, The 3:30 ramp, Anything “Dow 20,000” Hat, “To The moon!”, Make (add anything stock market-related) Great Again!, Under Armour and the Steph Curry 2’s
Several thousand charts are shared on StockTwits each day. It’s like March Madness everyday. Whoa that’s an amazing trade idea. Okay bro that’s just wrong. Omg that’s hilarious. Brilliant! These are the emotions you feel just watching them fly in. Try it out if you don’t believe us (this link will take you right to the all stream for charts.) Anyways, the winner of the chart artist of the year is @KimbleCharting!
As social media grows, so to does the business of analyzing, mining, and collecting the data that goes into it. This has sparked a wave of companies studying things like sentiment, company mentions, and other things. The industry is still young but some interesting things are going into it. In the end, Bloomberg came away victorious.
Everyone has that one media company they always resort to. They trust it, follow it or watch it. There are a lot of them out there. There are even more journalists and editors creating the content just for you. In the end it was Bloomberg’s night. Yes, they won again. Congrats to anyone at Bloomberg reading this.
We hope everyone had fun at Stocktoberfest and we hope to see you again. To keep up with future events you can always email us or go here.
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