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Podcast: Market Maker
Episode: MM152: Decoding Meme Stock Mayhem & US CPI's Impact on Fed Policy
Description: GameStop, the iconic video game retailer synonymous with meme stocks, witnessed a rollercoaster of surges and crashes in the past week, echoing memories of its previous meteoric rise. But what's driving this volatility?In this episode, we delve into what caused the move, the mechanics behind how a short squeeze works, and why this time is different.Meanwhile, Wall Street traders sent stocks to all-time highs as bond yields slumped after an inflation slowdown reinforced bets the Federal Reserve will cut interest rates as early as September.Tune in now...