Market Analysis
This Meme Stock Index is Up 58% YTD as Firms Post Strong Quarterly Earnings
The index has also seen a remarkable 143% rise in aggregate quarterly earnings for 23 out of its 25 members.
BTC$62,686.00-1.67%
ETH$1,666.62-3.16%
USDT$0.9987-0.01%
USDC$0.9996-0.01%
XRP$1.10-1.88%
SOL$69.40-3.23%
TRX$0.329-1.01%
FIGR_HELOC$1.03-0.16%
HYPE$61.30-7.24%
DOGE$0.0789-3.56%
USDS$0.9997+0.00%
RAIN$0.0157-2.06%
LEO$9.49-0.84%
ZEC$413.84-6.89%
XLM$0.1911-3.05%
BTC$62,686.00-1.67%
ETH$1,666.62-3.16%
USDT$0.9987-0.01%
USDC$0.9996-0.01%
XRP$1.10-1.88%
SOL$69.40-3.23%
TRX$0.329-1.01%
FIGR_HELOC$1.03-0.16%
HYPE$61.30-7.24%
DOGE$0.0789-3.56%
USDS$0.9997+0.00%
RAIN$0.0157-2.06%
LEO$9.49-0.84%
ZEC$413.84-6.89%
XLM$0.1911-3.05%
South Korea's small-cap Kosdaq index, driven by meme stocks, has become one of the world's best-performing indices.
The index has also seen a remarkable 143% rise in aggregate quarterly earnings for 23 out of its 25 members.
Renewed interest in meme stocks sees Bed Bath & Beyond snatch the crown from previous heavyweights AMC and Gamestop.
Cunningham concludes that "meme stock" prices do not reflect the law of supply and demand.
As more millennials and zoomers embrace stock trading, GameStop meme trading represents a harbinger of weirdness.