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Jesse Cohen: Stocks rally with strong buying seen on Melt-Up Monday

Jesse Cohen: Stocks rally with strong buying seen on Melt-Up Monday
Stocks see buying on Melt-Up Monday

Stocks are seeing strong buying activity as people purchase without asking questions, according to Jesse Cohen.

Cohen referred to the current market mood as "Melt-Up Monday" and questioned the reasons behind today’s equity rally.

Cohen has previously highlighted major downturns in Asian markets. He noted when South Korea's Kospi Index fell nearly 4 percent overnight, questioning the cause of the drop in a past report. In another update, he reported that SK Hynix shares dropped 10% in Korea trading, erasing $85 billion in market value amid concerns over Chinese competition.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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