Meme Stocks: A Sign of Market Environment and Speculative Activity

Meme stocks like GoPro and Krispy Kreme are experiencing significant price swings. Finance expert Tom believes this is a sign of the current market environment, with 70% of options market volume on the call side and 27% of year-to-date volume in stocks under $5. While the speculation is concerning, it is also a sign of animal spirits being alive and well. The market is up 30% over three months, and earnings season is bringing the focus back to fundamentals. Retail traders are starting the party and forcing institutions to participate.