Collapse In Retail Investor Euphoria Points To "Imminent Correction", Vanda Warns
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Stay updated with breaking news from Ben Onatibia. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Retail investors' appetite for U.S. stocks has fallen in the past week, data from Vanda Research showed on Wednesday, increasing the odds for a broader sell-off in the S&P 500 at a time when it is already about 2 percent off its record high.
The trading app that helped fuel the memeification of the stock market soared and tumbled this week as individuals flipped shares.
Robinhood has officially become a meme stock, and this week’s wild ride could be just the beginning if legions of amateur investors pull money from their old favourites to buy more shares while insiders are dumping them.
Renewed interest in meme stocks began with AMC Entertainment in late May and has spread to new names like Wendy's and Clean Energy Fuels.