The meme stock rally hints at a lingering complacency amongst investors
The meme stock rally hints at a lingering complacency amongst investors: Tom Essaye Quoted in Forbes
GameStop, AMC Stocks Surge Another 100% As Meme Stock Rally Accelerates
The meme stock rally “hints at a lingering complacency amongst investors,” Sevens Report founder Tom Essaye wrote to clients Tuesday. Essaye cautioned it’s hard to draw conclusions from the price actions of relatively small stocks like AMC and GameStop, but considering the runway these stocks had to surge with little pushback, the broader market may be “vulnerable to an ‘air pocket’” on a negative catalyst.
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