MM152: Decoding Meme Stock Mayhem & US CPI's Impact on Fed Policy
Market Maker
English - May 15, 2024 19:59 - 37 minutes - 51.3 MB - ★★★★★ - 4 ratingsInvesting Business News Business News business news news commentary finance news market watch market watch podcast amplifyme investment banking Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
GameStop, the iconic video game retailer synonymous with meme stocks, witnessed a rollercoaster of surges and crashes in the past week, echoing memories of its previous meteoric rise. But what's driving this volatility?
In this episode, we delve into what caused the move, the mechanics behind how a short squeeze works, and why this time is different.
Meanwhile, Wall Street traders sent stocks to all-time highs as bond yields slumped after an inflation slowdown reinforced bets the Federal Reserve will cut interest rates as early as September.
Tune in now to find out more!
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