Odd Lots
Another Sign Meme Stocks and Crypto Are the Same Trade
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The meme stocks are going nuts again today, with AMC surging pre-market. It feels like we’re in this never-ending market timewarp where the same stories keep happening day after day. In addition to AMC going nuts, there’s another story about traders buying a stock because of an Elon Musk tweet. It never ends. Also Dogecoin is up over 30% over the last 24 hours after Coinbase Pro added it to its trading platform.
If it all looks like one big trade, well… there’s a reason for that.