Reported about 15 hours ago
The resurgence of meme stock trading has put professional investors in a dilemma: embrace the hype or brace for a market pullback. Stocks like Opendoor and Kohl’s experienced rapid gains, although signs of investor fatigue have emerged, with decreased momentum and increased margin debt, suggesting a possible overvaluation. Comparisons are drawn to the 2021 meme stock frenzy, but this time, rising interest rates and varying economic indicators complicate the outlook, leaving some strategists to caution against potential downturns.
Source: YAHOO