Once again, market action is dominated by the so-called 'meme stocks' with heavily-shorted companies getting massively ripped higher this morning.

AMC is up around 7%...

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GME is back in the game - ripping almost 20% higher...

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And Chamath's CLOV is exploding higher...

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And as the most recent short-squeeze basket continues to rip...

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Source: Bloomberg

So bonds are bid back to their lowest yields in 3 months...

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But, but, but, the recovery!!