There really isn't a "normal" market. Things change, something odd is always happening. But this, this is something else. – Investment Watch
The stock market is the meme market now. From the GameStop (GME) saga to Tesla’s Bitcoin buy (BTC-USD) to Elon’s Dogecoin (DOGE-USD) purchase, it seems like any internet-based humor that is even vaguely financial manages to impact asset prices. But factoring in how much of a meme a given asset might be is just not part of traditional portfolio management or anything they teach in the CFA program. Yet. What investment managers do learn, however, is that sometimes in markets everything that s...
Source: investmentwatchblog.com