To The Moon

$Bed Bath & Beyond(BBBY)$ rose 137.71% in a nine-day streak. Meme Stocks Come Back $AMC Entertainment(AMC)$ also rose 65% as market capital regains its risk appetite. The two companies pushed 37 meme stocks tracked by Bloomberg up 10% in the past week. Data from Bloomberg $Bed Bath & Beyond(BBBY)$ jumped 40% on Monday, trading at a record 120.5 million shares, making it the second most traded stock on the Fidelity platform. Short Covering Pushes Meme Stock Higher According to data from analytics firm S3 Partners: More than half of $Bed Bath & Beyond(BBBY)$ are currently sold short,while AMC, GameStop and Wayfair short interest each takes up 20%. What is Short Covering? Like what happened with the meme stock surge last year: if enough traders pile into a heavily shorted stock, short-sellers are often forced to buy it back, helping to accelerate the rally. Data from Apewisdom $Solo Brands, Inc.(DTC)$$Aterian Inc.(ATER)$$Express, Inc.(EXPR)$$Beyond Meat, Inc.(BYND)$$Coinbase Global, Inc.(COIN)$$Marathon Digital Holdings Inc(MARA)$$Overstock.com(OSTK)$$MicroStrategy(MSTR)$$Clover Health Corp(CLOV)$$Bakkt Holdings, Inc.(BKKT)$ Small Cap Outperforms SPX? In addition to meme stocks, small cap stocks also have oppotunities this week as some small-cap companies posted good earnings last week. In the past month, $iShares Russell 2000 ETF(IWM)$rebounded higher than $S&P 500(.SPX)$. Data from tradingview But Cautions On Wednesday CPI Wednesday 8:30 EDT– Core CPI m/m: forecast to decline to 0.5% from 0.7% According to a Bloomberg survey: economists generally expect the U.S. CPI to increase 8.8% yoy in July. Non-farm payroll released last week was strong, which draged the market because it indicated a less possible recession. In other words, 75 bps rate hike in September is more possible. If CPI/core CPI remains to be high, market especially the eye-catching meme stocks may suffer from rate hike speculation. What do you think of $Bed Bath & Beyond(BBBY)$'s surge? Will you buy meme stocks? Follow me and comment here to win tiger coins~