, meme stocks are roaring back to life this session. And it all started with a post on X made Sunday night byGood Buy or GoodbyeWe are giving you the ultimate investing playbook to help you out the noise and make the right moves for your money.
If we were to get a little bit better than expected inflation report, they would like to move towards easing.And you know, again, as you highlighted earlier that just uh the the traditional core rate, uh X food and energy is running, you know, at around, you know, 3.63 0.7%.We have got one hour to go until the market close.
I know it's, excuse me, really small but a MC in the upper left that is up 83% Gamestop, up 76% Tupperware.And the list goes on here. But this latest lag up since October, I've seen meme stocks kind of interspersed randomly or maybe somewhat evenly.And what I said a couple of weeks ago is that stocks is probably just another example of risk on and that may be what we're seeing today.Let me just show you a stock of game stop.
But the vast majority of that is spoken for in, you know, conservative time tested strategies with all like an incredible amount of regulatory um you know, apparatus around that. And then that tweet by the way, was followed by like a bunch of mash up movie meme kind of tweets throughout the course of the day.The stock is gonna keep running or it's been on a run and it will continue running.
I think the more serious versions of it is, look at what we've seen with Chinese internet stocks over the last month.Look at what's happened with utilities over the last month they have ripped hire.You know, coming back to a more serious tone uh for people seeing mag seven goes up, that group has divided away, but there's this sense of if rates are going to go lower over the next, you know, year or whatever, uh, equities are probably gonna be a beneficiary of that.
It's, it's kind of, yeah, of course, I'm having fun, but it's, it's all the chatter we're hearing today. Well, well, for sure, I, I think that it was a, there was a real lack of new ideas, there was a real lack of kind of, you know, there was a lot of complacency in the markets. This is kind of like the old days on the trading floor when there's a lot of noise in one in one pit, everybody would run to that pit.Well, Tom, there was another aspect of this whole phenomenon in 2021 which was like the narrative of the little guys trying to stick it to the big guy, right to trying to stick it to hedge funds.What's fascinating to me is today is that there's still a short squeeze that 24% of the company's float was still shorted going into today.
So a lot of the volume is high frequency firms and market making firms that know that there's going to be customers coming in on the buy side.So I think that's part of it and that, that's part of the excitement, that's part of the huge volume. Well, that's kind of what you're seeing today and it's just a lot of noise and everybody's attracted to the noise.It's good for what you do and it's, it's kind of good for everybody in a fun way.
Uh It is a much faster time to use than let's say, building a new product like the rabbit that you, you know, stick on, on your lapel that unfortunately bombed early. Maybe this is a deal like this or maybe a it's less of a payment but more of a quid pro quo Apple has to have um very good on device A I or, or literally uh it's gonna spell trouble for Apple because that's what it does.It's not about the cloud Apple's biggest level of sophistication on the cloud is backups and streaming media and video which in in aggregate aren't that uh complex.I do believe that we will see a Siri relaunch at WW DC.
When you look at the multiples that, that, that it's trading at right now, investors want to see more tangible A I goodness, even though they're the processor behind it and a lot of A I is done on ac pu they want to see specific A I IP Patrick, we didn't plan it this way, but you were the perfect guy to have today on set.Let's start, they are live higher today.
It's interesting, the shares are not moving much and I don't know if that means that uh you know, investors are not taking this terribly seriously or they don't think it's that likely to happen.There is a new Ceo of Kraft time, Carlos uh Carlos Abrams Rivera who has been sort of looking through the portfolio and trying to figure out what makes sense.
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