Markets Have First Down Week in Four, Meme Stocks Make a Comeback

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The market had its first down week after a strong rally. Macro concerns are high and there’s no shortage of bears on the street. At the same time, inflation rolling over has proven a strong catalyst. When inflation is high bonds and stocks are positively correlated, which gives institutions nowhere to run and nowhere to hide. When the environment is disinflationary or deflationary the correlation is generally negative. The negative correlation is one of the drivers of the oft...

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