The millennial day-trader revolution, how to trade a V-shaped recovery, and a chat with famed short-seller Andrew Left

Dear Readers,

A strange dynamic is afoot in the stock market.

The institutional heavyweights on Wall Street are being beaten at their own game by upstart day-traders and retail investors — and it's not been particularly close. The latter group has reaped a massive 61% return since the market bottom on March 23, easily...