bullish
Could This Be the Meme Stock of 2022?
SUMMARY
- Markets rejoiced this week after a string of weak economic data, which left many to consider if the economy was strong enough to handle further monetary policy tightening.
- This, combined with the upcoming midterms, has left many to forecast that the Federal Reserve could pivot away from its tough stance and hit the pause on rate hikes.
- With markets bouncing back from the lows of the month, meme stocks surged, and trading activity also saw a pickup.
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