Daily Wrap

The market rebounded from its worst day since October and a textbook 1-day oversold condition as the short squeeze mania came to a screeching halt. The short-squeeze mania that undercut risk sentiment yesterday was tempered today after several brokerage firms placed trading restrictions on heavily-shorted stocks like GameStop (GME -44.3%) and AMC Entertainment (AMC -56.6%). The retracement in these…