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Consumer prices keep on rising. Where does it end?

June 10, 2021. Summarized by summa-bot.

Compression ratio: 18.9%. 1 min read.

From lumber and steel to paint and burrito bowls at Chipotle, prices are rising almost everywhere you look. That's putting investors on high alert.

The report is expected to show that prices excluding food and energy continued to notch strong gains last month, rising 3. 4% over the previous year.

Including food and energy, economists believe consumer prices leaped 4. 7% in the past 12 months.

On Thursday, China's central bank governor Yi Gang said in Shanghai that "price levels are generally under control and that the People's Bank of China should "implement normal monetary policy. "

Since the meme stock phenomenon emerged earlier this year, professional investors have gotten wise to the Reddit playbook, which often involves targeting heavily shorted stocks, Deshpande said.

Short sellers borrow shares of a stock and sell it, with the hope of buying it back at a lower price and making money off the difference.

"Many investors have likely been tracking these names and incorporated the risk of another short squeeze in their investment process," Deshpande wrote in a note to clients on Wednesday.

GameStop (GME) — the original meme stock — said Wednesday that it received a request from the Securities and Exchange Commission last month to provide documents and information for an investigation into the trading of its stock.

by summa-bot

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