Stonkhead: The biggest market (t)memes of the week
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A wrap of last week’s major investing news, told by the internet’s highest quality* memes.
*In our humble opinion
On Wednesday, The Dow Jones index punched through 30,0000 points for the first time in history as investors predict economic recovery, vaccine rollouts, and a smooth(ish) transfer of power in the White House in 2021.
How? Here’s a recap.
Meanwhile gold – seen as a hedge against broader market volatility — is at five-month lows after vaccine hopes and the prospects of a smooth Biden transition improved risk appetite.
For gold bugs, it looks something like this:
A bunch of lithium stocks went for a run, on high volume, for no reason. The ASX slapped them with a speeding ticket.
And it was a relatively quiet session to end the week on Friday after US markets were closed overnight for Thanksgiving.