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Update - 1:50 p.m. ET, 1/27/21: GameStop’s absurd market surge even came up at the White House today. During the daily press briefing, press secretary Jen Psaki was asked about whether the administration was worried about the situation.

“Our economic team, including [Treasury] Secretary Yellen and others are monitoring the situation,” Psaki said. “It’s a good reminder though that the stock market isn’t the only measure of the health of our economy. It doesn’t reflect how working and middle class families are doing.”

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