16% of Stimulus Checks Went into Investments

According to the US Bureau of Labor Statistics, about 16% of stimulus checks went into investments 1. Most Of those who received a stimulus payment, the largest percentage said they would use the stimulus payment to pay for expenses.

Even without stimulus, in its weekly report on investor money flows, BofA reported on Friday that $US576 billion has flown into equity funds since November — more than the $US452 billion seen in the last 12 years combined.

The Household Pulse Survey is great for data wonks. The data is free and open on the census bureau site. https://www.census.gov/data/experimental-data-products/household-pulse-survey.html

Wall Street Bets

This week on /r/WallSteetBets has returned to the old favorites. The tickers that were mentioned the most were GME, AME, ASO, PLTR. Nothing special was getting posted on WallStreetBets this week, and the message board featured a return to the old favorites like Gamestop and Palantir.

The Short List

Clover Health Investments (CLOV), was added to the list last week and promptly dropped off one week later. Three other stocks were added this week, Asana, Chargepoint and PureCycle.

The shortlist is our list of stocks that have the potential for a short squeeze, as they have a large number of traders and funds shorting their stock. Some stocks that are still “shortable” have fallen off the list, such as $RKT that are still “shortable”.

About The Squeeze Newsletter

Greg Coleman earned a CAIA charter in 2008 and likes the stock, options, and futures markets. Follow us on Twitter at The Squeeze

Originally published at https://squeeze.substack.com.