Risk Appetites Roaring Anew in Wall Street’s Unflappable Markets
- US stocks exhibit more volatility in rallies than selloffs
- Roaring Kitty takes central stage as macro worries are subdued
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To get a sense of the speculative euphoria in risky assets right now, consider Friday’s trading action. A slew of investing pros was transfixed by a meme-stock guru live streaming his near-$300 million position in GameStop Corp. — even as the world’s largest bond market sank anew on hot economic data.
Love or hate Keith Gill, who goes by the Roaring Kitty online moniker, his ability to command a crowd bespeaks a central fact of Wall Street life these days: The durability of bullish appetites across investing styles.