1. The $WEN army that piled in yesterday is nursing a -6.5% day with million-dollar positions underwater and memes pivoting from moon emojis to fryer jokes. Diamond hands are still doubling down, some even posting DCF models, but the seed money that sparked this thing may have already walked. Classic WSB pump cycle. Crowd's still adding, which is the whole story.
2. $SNDK up 21% and $MU up 9% on a memory crunch story, revenue reportedly quadrupling. Buried under the Wendy's noise but this is a real catalyst. If there's actual momentum somewhere today, it's in the memory trade, not the fast food counter.
3. $MSFT, $GOOG, $AMZN, $META getting 2-3% daily paper cuts and the sub is split between buy-the-dip and get-me-out. $MSTR reportedly sitting on a $12.5B unrealized loss, reportedly topping Archegos. Fed's preferred inflation gauge at a 3-year high is keeping any rate cut talk cold. Lots of hope, no clear floor.
Aggregated and distilled by Two Sentence Traders. Not financial advice.