From Nasdaq: 2024-05-13 17:35:00

Last week’s market was uneventful, but this week is starting strong with “meme” stocks like GME and AMC surging. Chinese equities like BABA and FUTU also saw gains. Economic data this week includes the PPI and CPI reports, as well as speeches from Fed Chair Jerome Powell. Expect volatility ahead.

Investors are watching for key economic events this week, which could lead to short-term volatility. However, the intermediate to long-term outlook remains bullish. The put/call ratio and Fear & Greed Index both show neutral sentiment, while broad market participation is increasing.

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