NY to ZH – the daily reporting from New York at the start of the US stock exchange.
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Presented by Swissquote
Incredible, but true: Wall Street tends to weaker pre-market! Today CNBC reports that yesterday’s rally was caused by a gamma squeeze in the options market. This also explains why stocks and volatility rose in parallel. In short: the tail is currently wagging the dog and the influence of the options market on the stock market plays a major role. The question is whether a correction in big tech stocks can be offset by a comeback in value.