Meme trade: What does it mean for the broader market?

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 29 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 32%
  • Publisher: 63%

Roaring Kitty News

Market Dynamics,Trading Session,Social Media Platform

The meme stock trade reemerged on Wall Street after the influential figure Roaring Kitty returned to the social media platform X during Monday's trading...

Josh SCF Joshua, should I be leaning forward?So we'll start back here and then All right, locked in, we're locked in.Guys, of course, we are talking about the meme that was posted last night right by Ro and Kitty.I think one of the broader takeaways I had from this was that if you guys remember we were talking about meme stocks, I think it was last week or two weeks ago and how games are starting to bubble up.

There's been random interest in this stock for a little bit now over the past month and really kind of broader in the markets. So it does feel like we're always still talking about it, but it hasn't been necessarily gamestop and a MC.I love the idea though, like, like the image in my mind of like the sleeper cells of like all of the, like uh Reddit traders or Wall Street bank tutors and then they were awakened, like the code word was, was like, how quickly, I mean, we are not surprised because that's just kind of how surprised but not shocked.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wall Street Brings Private Market Boom to the Meme-Stock MassesThe meme-stock crowd wants a piece of the rarefied world of private assets, and — for now — there’s big money to be made on Wall Street for anyone who can give it to them.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Stock market today: Asian shares trade higher after Wall St rally takes S&P 500 near recordTOKYO (AP) — Stocks in Asia traded higher Friday after a rally on Wall Street that pulled the S&P 500 back within 1% of its record. Benchmarks rose in Tokyo,...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »