Axios: "Very bad omen" for meme stocks as novice traders stop investing"

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Axios: "Very bad omen" for meme stocks as novice traders stop investing"

Excerpt from Axios quoting DataTrek co-founder Nick Colas:

…. “DataTrek Research co-founder Nicholas Colas says this is a “very bad omen” for meme stocks.

  • “To our eyes, the data here says that the surge in US retail investor interest in investing is entirely over,” Colas writes.
  • “Every craze needs new adherents (i.e., not just the same crowd) to keep it relevant, and the Google chart shows those are in increasingly short supply”….

Read the full article here on Axios!