875k expected), while Q4 GDP printed close to expectations at 4.0% annualised (consensus 4.2%). Positive US data also added to the recovery in sentiment with Jobless Claims less than expected (847k v. The broader equity market took that as a positive sign after a number of hedge funds were facing eye watering losses due to the extreme short squeeze. Online retail brokers called Hammer Time on a number of high-flying stocks that were being short squeezed higher by their clients after regulators said they were monitoring the “ volatility in options and equities markets ”. “That’s word, because, you know You can’t touch this You can’t touch this Break it down! Stop, Hammer time!”, MC Hammer 1990
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