Article
Chasing High-Flying Stocks Risks Meme Reversion
As the pandemic dragged on, many people’s hobbies included baking sourdough bread, binge watching Tiger King, and day trading certain meme stocks. With “stimmies” (stimulus checks) in hand, commission-free trading platforms widely available, and an abundance of time to spare, retail investors opened brokerage accounts and downloaded trading apps in droves. For example, new Robinhood ... Read More