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'Reddit Rebels' Squeeze Shorts Higher As Treasury Yields Tumble To 3-Month Lows

Tyler Durden's Photo
by Tyler Durden
Tuesday, Jun 08, 2021 - 10:00 AM

Once again, market action is dominated by the so-called 'meme stocks' with heavily-shorted companies getting massively ripped higher this morning.

AMC is up around 7%...

GME is back in the game - ripping almost 20% higher...

And Chamath's CLOV is exploding higher...

And as the most recent short-squeeze basket continues to rip...

Source: Bloomberg

So bonds are bid back to their lowest yields in 3 months...

But, but, but, the recovery!!

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