Stocks Rally to Records as ETF that ‘Was Essentially the Peak in the Nasdaq' in '21 Makes Its Return

If you needed another sign that the market was getting very frothy, the Roundhill Meme Stock ETF is back in business. Roundhill Investments' exchange-traded fund that seeks to offer exposure to stocks retail traders are hyped up about online is trading again after its predecessor launched in December 2021 and shut down in November 2023. "Meme stocks were a large part of the exuberant sentiment in the 2020-2021 market, ultimately leading to a cyclical peak,†writes Jonathan Krinsky, BTIG's chief market techni ...