Posted 11/21/2023, 5:42:00 PM
Meme Stock ETFs Rally, Outpacing Broader Market
- Meme stock ETFs like MEME, BOTZ, and IWO have surged over the past week, beating the S&P 500
- The meme stock boom from 2021 has waxed and waned since the pandemic peak
- ETF top holdings have outperformed the S&P 500 over the last 5 days, 1 month, and year-to-date
- Many famous individual meme stocks like GameStop and AMC are still down considerably
- The meme stock ETF rally reflects bullish market conditions and investor confidence