In this last month, many stocks that have plummeted, are now rising back up again. All this while we just declared a recession after our last GDP report and interest rates still rising. Some had better earnings reports, but some not so much, yet all have collectively risen by a reasonable percentage, this last 1 month.
HOOD up 34% for month, PLTR up 22% for month, DKNG up 40% for month, PINs up 24% for month, Etsy up 31% for month, even PTON up 22% for month.
Some of these were even frequently looked down on by many and for logical reasons as well, such as balance sheets, finances, but somehow are now magically shooting up again. Does anyone know why that is?
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