The market is off to a roaring start in 2023, and it’s not just Wall Street that’s feeling the groove. The meme-fuelled, retail-focused trading that in many ways epitomized the pleasure and pain whipsaw from 2021 to 2022 is back. Just look at the fan favorites.
So-called meme stocks and memecoins—their equivalent in the world of cryptocurrencies—are vastly outperforming more mainstream risk-sensitive assets.
