Meme-Stock Crowd Plows Into Cross-Asset Rally Lifting Risky Bets
- Retail investors are most bullish since July: AAII survey
- Tesla, Amazon, Nvidia, crypto remain group’s top picks
An Amazon Fulfillment center on Cyber Monday in Robbinsville, New Jersey.
Photographer: Jeenah Moon/BloombergThis article is for subscribers only.
A rally across all asset classes powering the S&P 500 to its best month in over a year has finally caught the attention of retail investors.
The same traders who created the so-called meme-stock mania, with big bets on speculative companies, are back. And they are piling into the market’s favorite stocks — think Amazon.com Inc. and Nvidia Corp. — while also buying riskier bets like profitless tech and all things crypto, according to data from investing platform eToro and chatter on social media, the same platforms used to fuel a surge in GameStop Corp. more than two years ago.