Wonder how much longer CPI type inflation can last though with huge inventory gains and places like Target needing to do massive price cuts to get inventory clear? Interest rates are already showing their impact on the housing market too. I think they could still get up to 2.5% or so, but it should ...
Any idea when that speech is tomorrow? Morning or afternoon? I can't find the time for some reason. Not sure why the news doesn't put the time in by default but they practically never do, and it's not on whitehouse.gov.
As long as GME is pumped, anything can happen, then will probably get blamed on Reddit like when they somehow lifted up 100s of stocks with insane volume in late Jan.
few hours ago Costco, the nation's second-largest retailer, announces that it's adopting a $16 minimum wage for its 180,000 workers next week. That tops Amazon's and Target's $15 minimum and Walmart's $11 minimum. Costco has been good with their employees and their pays were good as long as I remem...
Looking at the meme stocks that were 'pumped by WSB'(PLTR, BB, GME, AMC, NOK, SLV etc.), you'd think we were in the middle of a 7%+ down day on an index.
A good bit of those Robinhooders are also Wallstreetbetters now. Usually one or two guys that did the actual work end up getting a bunch of them in on it. Not quite a pump and dump operation or anything but I wouldn't doubt this GME BB etc business doesn't get some kind of legal reaction.
Boring day? I guess if you're not looking at the most shorted stocks. It's gamma and short squeeze season out there. Actually a little scary how frothy it is.
I mean, today is also the day the Fed's primary dealers lost their liquidity requirements, so they can pretty much buy as much of practically anything they want, including stocks.
I would think the lows were temporarily reached because of the Fed's PDCF starting last night, but it doesn't get full no-liquidity-requirements power until the 26th, so maybe another test of the low before then.