To The Moon

$GameStop(GME)$ shares more than doubled after the Reddit account that drove the meme-stock mania of 2021 posted what appeared to be a $116 million position in the game retailer.Other stocks favored by retail traders also got a boost. AMC Entertainment Holdings Inc. rose as much as 36% in premarket trading, while SunPower Corp., Beyond Meat Inc., BlackBerry Ltd. and Reddit Inc. were also stronger.Have you ever invested in meme stocks? Let us know if you have invested in any meme stocks such as $AMC Entertainment(AMC)$, $GameStop(GME)$ , $Faraday Future Intelligent Electric Inc.(FFIE)$ ,

My Investing Muse (03Jun24) Layoffs & Closure news Synapse’s problems have hurt and taken down a whole bunch of other startups and affected consumers all over the country. 100 fintechs could be in trouble, with funding prospects weakened for many more. - Techcrunch Is America’s GDP funded by debt? Image From X user EJ Antoni - This morning's revised data show the gov't is basically "buying" GDP w/ debt, but getting only 50 cents on the dollar - worst deal ever. Image From X user The Kobeissi Letter: NET interest expense on US Federal debt reached a MASSIVE $514 billion in the first 7 months of Fiscal Year 2024. This is higher than spending on National Defense ($498 billion), Medicare ($465 billion), and Medicaid ($355 billion). Interest has also surpassed money spent on veterans, t

The Nasdaq Composite Index reached a new all-time high on Wednesday, surpassing 17,000 points for the first time. Robust corporate earnings and bets on interest rate cuts fueled the rise in stock prices. Particularly, Nvidia's impressive earnings last week brought significant optimism to the stock market, boosting confidence in the global artificial intelligence (AI) boom. This has supported the Nasdaq's upward trend. So far this year, the tech-heavy index has risen by 13.4%.As a result, ETFs tracking the index have garnered significant attention. These include Invesco QQQ (QQQ), Invesco NASDAQ 100 ETF (QQQM), and First Trust NASDAQ-100 Equal Weighted Index Fund (QQEW).Will the rally continue?The expansion of AI applications is expected to bring new growth opportunities to the tech sector