Meme-stock crowd plows into cross-asset rally lifting risky bets

December 3, 2023

The S&P 500 Index notched one of its biggest November gains on record, jumping 8.9% for its second-best performance for the month since 1980 as speculative corners including Bitcoin and meme stocks like GameStop posted gains. The world’s largest cryptocurrency by market value soared to its highest level in 18 months.

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