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Meme stocks are surging again, which may be good news for the risk rally: Morning Brief

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Market Capitalization,Volatility

As stocks recover from losses this month, a familiar feature of the post-pandemic market has reappeared.

In the two weeks following the lows on Aug. 5, the S&P 500 added $3.7 trillion in market capitalization with the "Magnificent Seven" stocks accounting for $1.6 trillion of that.) and the artificial intelligence trade are leading the rebound, the risk rally has broad participation — even from oft-forgotten corners of the market like meme stocks.

But that hasn't been the case for most of this bull market, as signals have been distributed throughout the price rallies. And recent signals were generated closer to the beginning of the surge. “It was almost like I had this secret — I’ve been watching this dynamic for so many years, and I wanted to play with that,” she told Yahoo Entertainment in a new interview. - Grounded Lithium Corp. announces our financial and operating results for the three and six month periods ended June 30, 2024.

 

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