Meme stocks rally
Outside of the group favored by retail investors, the stock market seemed to be dull with most investors eagerly awaiting a key Federal Reserve summit Thursday and Friday. The S&P 500 inched up 0.3% in afternoon trading. Overall volume was light Tuesday with the SPDR S&P 500 ETF trading 24 million shares, about a third of its 30-day average, according to FactSet.
The Jackson Hole symposium is expected to be market-moving as central bankers could detail their plans for tapering monetary stimulus. The Fed has started discussions to pull back its minimum $120 billion a month bond-buying program by the end of this year. The short interest in these meme stocks remained elevated. About 28% of AMC's float shares are sold short, compared to an average of 5% short interest in a typical U.S. stock, according to S3 Partners. For GameStop, the short interest has declined drastically to about 10% from more than 100% in January at the height of the meme stock mania.Sign up for
Boring? AMC and GME are detective hardcore plays with more then 4m apes doing dd. Everyday we find fraud and even reroute to the Cayman. BORING? I wish it was a bit more boring. This is a fight against the rich that played 2008. Want revenge?
Your overlords will not be happy with your tweet
Why does the market need to be exciting? I’d take it every time if you guarantee me a boring return of 2% a month. Thank you.
Did you forget a stock?
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boring market😂😂🤡🤡
Chinese tech stocks rallying as well.
ClownNBC, AMC and GME🚀🚀🤑🤑🤑💎🙌