GameStop Corporation (NYSE: GME) bull Roaring Kitty went on a meme posting spree on Twitter on Tuesday as so-called stonks soared led by AMC Entertainment .
Stocks pare gains after ISM, meme stock mania returns, cryptos struggle
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Many Americans got their first taste of normalcy this weekend, so it is no surprise that airlines, cruise ships, and hotels, pretty much all the favorite reopening trades got off to a strong start. The reflation trade seemed to be back as commodities surge across the board, supporting the move higher with Treasury yields. It initially looked like optimism will be the theme leading up to Friday’s jobs report. A strong nonfarm payroll report that includes an upwardly revised prior reading could be what is needed to send Treasury yields higher again.
The Financial Conduct Authority (FCA) has warned it will not hesitate to take further action against firms over trading influencers, after winning a summary judgment against 24HR.