For PRO subscribers: FundStrat's Tom Lee, short-seller Carson Block on the Reddit trading mania collapse in a special PRO Talks

Published Tue, Feb 2 202110:50 AM ESTUpdated Tue, Feb 2 20213:35 PM EST

CNBC PRO subscribers can join FundStrat's Tom Lee and short-seller Carson Block to discuss the wild retail trading mania that captivated Wall Street in the past week and appears to be collapsing on Tuesday. GameStop shares are down another 60% and the other popular Reddit trades are taking big hits as well. Here is the replay: CNBC Senior Markets Commentator Mike Santoli will talk to Lee, FundStrat's co-founder and head of research, to discuss what the buying frenzy fallout means for the stock market outlook and how to capitalize on the phenomenon. Lee was one of the few strategists on Wall Street who called the market bottom in March. Then Mike will talk with Block, one of Wall Street's best known short sellers, to tell us what the future looks like for investors that make their living betting against stocks. Wall Street is in the middle of a back-to-back broad market rally as some of the highly speculative investments started to reverse course. A legion of retail investors, who coordinated on Reddit's WallStreetBets message board, had pushed a slew of heavily shorted stocks to record highs in extreme trading volume and volatility. GameStop, AMC Entertainment and others began falling this week, easing concerns about the wild retail trading frenzy. We’d appreciate your feedback following the event. Please tell us what you thought and what you would like to see from us in the future. Learn more from our Previous PRO Talks: Here are Joe Terranova’s picks for 2021 and how to play the recovery International investor Rupal Bhansali unveils her best picks in different countries Analysts break down why market may have gotten the ‘best outcome’ Related Coverage from PRO: Goldman says investors should capitalize on the market moves caused by Reddit traders. Here’s how Cut through the GameStop mayhem with these ‘sweet spot’ stocks, Morgan Stanley says Our next PRO Talk will be on Wednesday featuring Margie Patel, senior portfolio manager, Wells Fargo Asset Management. Register here.

GameStop shares are down another 60% and the other popular Reddit trades are taking big hits as well.