Reported 11 months ago
Speculative fervor in risky assets is evident as investing pros closely followed a meme-stock guru's large position in GameStop Corp., despite the bond market's decline. Wall Street remains bullish regardless of strong economic data impacting interest-rate cut projections. Market focus indicates confidence in continued growth, with Cathie Wood's fund rising, increased investments in junk bonds and crypto, and low cross-asset volatility. Stocks show higher panic levels in rallies than selloffs, with risk-taking strategies prevalent in the market amid ongoing economic shifts and the revival of day-trading heroes like Gill sparking speculative spirits.
Source: YAHOO