The markets finally got a break in the selling Tuesday after three of the worst days markets have seen since the pandemic began.
The selling pressure has been immense — everything is getting punished, and it’s even worse for the junk stocks.
Just look at what happened to former EV meme stonk darling, Rivian Automotive.
Shares tumbled more than 20% Monday as the clock ran out on its IPO selling lockout and… the floodgates opened.
It’s also why I was shouting from the hilltops to anyone who would listen on this past week’s WealthPress Live Roundtable about the short plays on Rivian…
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