AMC News! Congress Tells Ken Griffin, You Screwed Up! GME & AMC To The Moon!

AMC and GME Stock news!
Congress woman tears Citadel CEO a new one! She screams at Ken telling him that the people are tired of bailing him out every time he screws up,

and gambles their retirement away!

Stop wasting my time You Schmuck! That's how every congressman should talk to Citadel's Kenneth Griffin from now on!

Ken Griffin gets scolded like a child! Hilarious News Footage Over GME, AMC, BB trading halted... Robinhood And Citadel organized crime!

What's next for AMC Stock? Here's what you need to know before market open as there have been major developments for AMC today including SEC news.

I've got Chris from, Spot On Analysis (https://www.bit.ly/SpotOnAnalysis) with me to get to the bottom of the AMC mystery.
AMC Entertainment gained another 83% for the week, even after declines at the end of the week.

But it's the meme stocks that took the headlines, and also contributed to concerns about froth in the stock market. These would include stocks such as Sundial or SNDL, Blackberry or BB, GME, and others.

"People think this is new. It completely isn't," Dan Niles, founder of Satori Fund, said of the trading frenzy. He noted there was similar froth in individual stocks in 1999, when companies added dot-com to their names to attract investor attention.

"What's new is the fact that these traders are armed with stimulus checks. They can organize more easily on things like WallStreetBets, they can work from home, and there's no-cost trading. Those are the differences," Niles said on CNBC.

"So, if it gets people interested in investing, that's great. What I don't like is when you have people sort of taking out mortgages on their home, and putting themselves at risk if the thing collapsed," he added. "You want to be able to invest what you can afford to lose if you're going to play in something like this."

Trading in names like GameStop and Bed Bath & Beyond is one of the things that has made him more cautious about the market. He said the high valuations on the meme names are unlikely to last. "It's going to be around as long as cicadas are," he said, referring to the insect that lives just a few short weeks above ground after spending as many as 17 years underground.

Watching the inflation signs

Massocca said investors should stay focused on things like inflation, since that could be what makes the Federal Reserve reverse its easy policy. The Fed has so far said it sees the higher inflation readings as transitory.
Economists expect CPI to be up 4.7% year over year, after April's 4.2% pace, according to Dow Jones. Core inflation is expected to be up 0.4% for the month and 3.4% year over year.

"I'm getting nervous. I'm seeing signs of a top. I'm systematically raising cash. I think the market looks too expensive," Massocca said. "We're going to shake off the dust from Covid. The economy is going to be very, very good and as a rule, I think monetary policy is going to respond to some degree."

He said the memes mania is just one sign, but the spark for a sell-off could be anything including a hawkish comment from the Fed.
"Who knows what it is, but the kindling is building and as soon as a match hits it, the market is setting up for a 7% to 10% pullback at some point," he said. "Who knows what starts it. ... One of the candidates very likely will be some kind of reductions in monetary policy."

Fear of the Fed stepping back from its easy policy has been hanging over the market.
Friday's May employment report was being watched closely, but the lower-than-expected job gains reinforced that the Fed could continue to hold off on policy changes for the time being. There were 559,000 jobs added in May, well below the 671,000 expected.
Now the CPI report is the next point of focus, ahead of the Fed's June 15-16 meeting. The question is, will it be so hot that the central bank may have to reassess its view about the temporary nature of inflation, or could it show that price increases are peaking? Quadruple witching or quad witching takes place on Friday! Be ready for the AMC share price to explode!
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