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- Jun 7th Stock Market Update - $GME drops 40% on "No news Roaring Kitty"
Jun 7th Stock Market Update - $GME drops 40% on "No news Roaring Kitty"
$ZM $LCID $ANET
Market
"Gamestop $GME went down 40% after a webinar hosted by Roaring kitty. He repeated most of the same things he has been saying for a while now, and has Deep in the money calls on $GME” 🤣 😂
Markets were largely flat to lower on good employment data
A strong jobs report (+272K jobs in May) further puts pressure on the Fed to keep interest rates steady and now cut, resulting in most traders being neutral.
Nvidia and semiconductors stocks $TSM $ASML $AVGO droves indicies higher
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For the week technology outperformed
SaaS stocks are starting to bottom out including $SNOW $MNDY $ADBE and $CRM after a deep correction. Would be a good entry for the long term.
Insights from my portfolio
Video of the day
Today’s video is on Arista Networks $ANET, the networking and communications company.