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Last week I told my sister that she best enjoy her Beyond Meat burgers, as I think they are about to go out of business. The stock was down 99.7% from its ATH. Then it got some push on Reddit, then Roundhill Investments’ meme stock ETF included it in its basket, and along came a 1000% rally over the next 4 days.

I don’t often comment about individual stocks, but I thought this stock was just another good example of the light on the zeitgeist of the time and an amplification of the meme stock phenomenon.

Have you noticed that hardly anyone is speaking about the government shutdown from a stock market perspective? It just echoes the mood of the time. When stock markets are making all-time highs across the world, a sense of complacency and optimism pervades.

There has been a lot of action within the precious metals sector of late. I don’t have a long enough spot silver chart, but I have a pretty long silver futures continuous contract. Yikes, Silver has a tendency to blow off. We are right at a major resistance trendline. Silver should follow gold’s lead over the long term, but it could be a wild ride. HighLo Silver.

I noticed an interesting divergence between the S&P 500 and its 52-week cumulative high-low index and its Nasdaq counterpart. As you can see, the S&P 500 is making out.

The Nasdaq Composite index and its 52-week cumulative high-low index topped out already last year, highlighting how concentrated the rally is with fewer new stocks making 52-week highs in the tech sector.

The Indian Nifty 50 index just made a 52-week new high. It is interesting that it has not yet passed its ATH made last year.

The 10-year Treasury Futures made a 52-week new high. Meaning treasury yields made a 52-week low.

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