Reported 2 days ago
Goldman Sachs has reported that the current surge in meme stocks is fueled by a historic short-squeeze, with some heavily shorted stocks rising significantly. While this speculative trading trend has led to substantial gains in the market, analysts caution that such exuberance can signal a potential downturn in the future. Despite ongoing optimism due to strong economic factors, the rise in speculative trading activity may increase the risk of a market decline.
Source: YAHOO