Meme Stocks and SPACs Surge as Markets Stay Frothy
- Reddit stock pops over 12% after IPO, emerges as new "meme stock"
- GameStop shares see best one-day gain in a year amid meme stock resurgence
- Donald Trump-linked media SPAC debuts, stock up over 50%
- Signs of "exuberant market" - Bitcoin nears $71k, commodities like gold and cocoa surging
- Despite frothiness, strategists say we're not in a bubble yet - flows not at concerning levels