Most-closely watched China stock index just formed the first golden cross in over a year...
Source: David Ingles, Bloomberg
The US Bond Market has now been in a drawdown for 45 months, by far the longest bond bear market in history.
Source: Charlie Bilello
Gamestop $GME is up 110% because Roaring Kitty posted a meme after 3 years of silence. So is this garbage???
Source: Geiger Capital
A new set of polls reveals that Donald Trump is leading President Biden in five out of six critical battleground states
as young and non-white voters grow increasingly dissatisfied with the current president. Source: www.zerohedge.com, FoxNews
copper jumps to highest price since April 2022 👀
Source: Barchart
Positive market breadth ALERT >>>
77% of S&P 500 stocks are now trading above their 200-day moving average, one of the highest levels in the last 2 years Source: Barchart
European companies feeling less positive about investing in China.
Source: Bloomberg
Meme Stocks' Performance on Monday:
1. Gamestop, $GME: +110% 2. AMC Entertainment, $AMC: +25% 3. Reddit, $RDDT: +15% 4. Spirit Airlines, $SAVE: +15% 5. Lucid Motors, $LCID: +13% 6. Rivian, $RIVN: +10% 7. Nio, $NIO: +10% 8. ContextLogic, $WISH: +9% Monday alone, meme stocks have officially added over $10 BILLION in market cap. Over the last 3 weeks, these stocks have added nearly $25 billion in market cap. Most meme stocks all hit multi-year highs on the return of "Roaring Kitty" on Monday... How high can this go? Source: The Kobeissi Letter
