12Mar2021 Market Close: Brent Back Above $69 As Bullish Sentiment Holds, DOW Closes Near Historic New High +293, Nasdaq Sank To -0.6%, WTI Crude Settles At 65.57, Bitcoin Swings Lower 56700
Yeah that happened... Source: Bloomberg Small Caps are up a stunning 12% from last Friday's PPT rescue lows and while big-tech underperformed, everything was up this week in stock land on the back of a massive short squeeze ("most shorted" stocks are up 19% from Friday's lows... It seemed like only yesterday we were writing about how the film industry was mired in deep delays due to Covid. We wrote extensively about how studios were considering abandoning the box office altogether, how award shows would be thin or non-existent during 2020 and how filming of many projects was being pushed back...
Source: econintersect.com