CAR Avis Budget SI exploded to 93% this week. Shares soared over 400% before crashing hard. FT reported investors nursing losses after the squeeze echoed 2021 meme stock chaos. The rental giant added 6.5 points in three days showing massive bear conviction before the reversal.
Financial Times noted quant pioneer Martin Lueck warned against handing trading to AI. His caution followed billionaire Cliff Asness deciding to surrender to machines. The debate intensified as systematic strategies drove volatile moves like the Avis rally.
Treasury Secretary Bessent announced the US won't renew Iranian and Russian oil waivers. The decision came as Gulf tanker attacks threatened fragile ceasefire. Asia markets fell as fragile Middle East peace tempered sentiment. European stocks swung violently tracking ceasefire deadline developments.
CNBC reported European stocks closed higher as Nokia and L'Oreal beat earnings. The gains contrasted with Germany halving growth forecasts citing Iran war impact. China exports missed estimates adding pressure to Asian sentiment.
Crypto billionaire Justin Sun sued Trump family's World Liberty Financial. The fraud claims came amid escalating feuds between the venture and major supporters. Price of access to Trump's memecoin VIP reception plunged. Top holders only need $539K to get exclusive meetings down from higher thresholds.
Goldman led record renminbi borrowing by US banks. The firm joined a frenzy as China's low rates drew foreign issuers. INTC Intel consensus target jumped 27% to $71 as chipmakers grabbed bullish revisions. WOLF Wolfspeed SI climbed 6.2 points to 46% showing sector skepticism persisted.
SMPL Simply Good Foods Chairman bet $991K yesterday. The snack executive showed conviction with fresh buying.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
