Financial Markets Sales, Incentives, and Reddit

In terms of macroeconomic data, yesterday was interesting primarily in terms of jobless claims. The primary and secondary applications for unemployment benefits were a very pleasant surprise. For example, primary bids were 100K + better than analysts’ forecasts and past values. Yes, it’s still far from pre-pandemic levels, but at this rate, it may take less than two months.

The US GDP growth rates’ revision for the fourth quarter from 4.2% to 4.1% spoiled the picture a bit, but the deterioration was insignificant. So, in general, the markets got a reason for optimism.

Although a much greater reason is expected today. This refers to the House of Representatives vote on the bill on the stimulus package named after Biden. 1.9 trillion is at stake. At the same time, the Democrats decided to take the fast track. That is, to dispense with the Republicans’ votes’ support. Respectively, they managed to avoid weeks and months of negotiations. But the story is far from over. The Senate votes next week, and only then can you breathe out with the endowment.

After a super rally on Wednesday, target stocks from retail investors continued to rise on Thursday:

• GameStop + 55.8%
  
• AMC + 12.9%
  
• BlackBerry + 4.3%
  
• Koss + 81.3%.

At the end of Thursday, the picture changed: GameStop added 18%, but others were less successful and underwent a general wave of sales in the US stock market. We’ve already talked about the reasons for this: a sharp rise in the US Treasury bonds yield.

Returning to the topic of Reddit attacks. The outcome of what is happening is obvious. And the markets provide an opportunity for fast money. But in such games, of course, you need to play only with a good margin and minimal leverage.