FT News Briefing Return of the stonk
104 snips
Jul 25, 2025 US President Donald Trump's upcoming visit to the UK raises questions about steel tariff negotiations. Meanwhile, stocks for Krispy Kreme and GoPro surge as they become meme favorites. The European Central Bank holds interest rates steady at 2%, while concerns about AI's impact on job prospects for new graduates grow. The rise of retail investors shifts market dynamics, complicating traditional valuations. The landscape for entry-level jobs is changing, especially in developed countries, highlighting a future workforce challenge.
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Meme Stocks Surge Without Fundamentals
- Meme stocks like Krispy Kreme and GoPro have surged recently without fundamental profit growth.
- Their rise is driven by retail investors targeting heavily shorted stocks to squeeze hedge funds.
Market Rally Fueled by Retail Investors
- The current stock market is frothy with retail investors driving a rally to record highs.
- Institutional investors remain cautious and hold cash, suggesting potential for further market growth.
Meme Stock Mania Is Here To Stay
- Meme stock mania is cyclical and will continue to appear occasionally.
- Retail trading apps empower investors to influence market dynamics increasingly over time.