Daily Market Comments(20210526) - Happening Again
Summary
- Amazon agreed to acquise MGM.
- Biden administration asked Intelligence Community to re-double to figure out the origin of the virus within 30 days.
- Short squeeze on meme stocks again.
Winners and Losers (in my watching list): AMC + 19.20%, GME + 15.82%, LMND + 10.7%; MVIS - 5.57%, PDD - 5.54%, MNSO - 1.05%.
Bond Market: 10Y climbed to 1.577 and 30Y to 2.258
Equity Market: NASDAQ closing at 13738.00 + 0.59%; DJI 34323.05 + 0.03%; S&P500 4195.99 + 0.19%.
Econ Calendar: Waiting for job data tomorrow.
Big News: It is very interesting why Biden started to ask IC to check the origin of the virus again. Also, Dutch court decided that Shell should take partially responsibility of climate change.
Guess on Next Move: Still waiting for a correction.
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