‘Reddit Rebels’ Squeeze Shorts Higher As Treasury Yields Tumble To 3-Month Lows

Once again, market action is dominated by the so-called ‘meme stocks’ with heavily-shorted companies getting massively ripped higher this morning.

AMC is up around 7%…

GME is back in the game – ripping almost 20% higher…

And Chamath’s CLOV is exploding higher…

And as the most recent short-squeeze basket continues to rip…

Source: Bloomberg

So bonds are bid back to their lowest yields in 3 months…

But, but, but, the recovery!!