The Daily Shot Brief – January 28th, 2021

Greetings,

 

Equities: GameStop’s market value hit $24 billion.

Source: The Daily Shot

As a demonstration of just how distorted the market has become, here is the share price of a relatively small Australian mining company called GME Resources. The good news for the miner is that it has the same ticker symbol as GameStop (but in Australia), and the retail crowd mistakenly rewarded it with a 20% up day.

Source: The Daily Shot

Call option volume hit a new record.

Source: The Daily Shot

 

Rates: With money markets flooded with liquidity, the 1-month T-Bill yield hit the lowest level since the pandemic crash.

Source: The Daily Shot

 

Energy: Crude oil and gasoline inventories are now within the five-year range.

Source: EIA

 

Eurozone: German consumer sentiment tumbled this month.

Source: The Daily Shot

 

United States: According to Morning Consult, US consumer sentiment is recovering.

Source: Morning Consult Read full article

 

Food For Thought: What has been going on with GameStop?

Source: @chartrdaily

Edited by Daniel Moskovits

Contact the Daily Shot Editor: Editor@DailyShotLetter.com


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