Exchanges Revenge of the Meme Stocks
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Jul 29, 2025 John Marshall, Head of Derivatives Research at Goldman Sachs, dives into the thrilling world of meme stocks and their latest resurgence. He unpacks the factors driving this revival, linking it to the influence of retail traders and new market dynamics. Discussion includes how retail investors are blending options with stock strategies, and how hedge funds are adapting to this trend. Marshall also reflects on the optimistic sentiment shift among retail investors amidst a robust job market, highlighting the critical indicators to watch.
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Defining Meme Stocks
- Meme stocks are defined as stocks that gain retail investor attention through internet focus.
- Volume tracking in shares and options reveals true meme stock trends more effectively than internet monitoring.
Meme Stock Waves Cycle
- Meme stock waves occur roughly every six months with varying intensity.
- Retail investor activity often triggers short covering by institutions, amplifying rallies.
New Tech Drives Meme Rally
- Recent meme rallies link to new growth sectors like crypto, blockchain, and AI.
- Legislative changes, such as tax and crypto bills, coincide with renewed retail interest.