Pretty intriguing, I think Kris touched on this and mentioned a lot of this could be driven by prop algoshttps://twitter.com/Ksidiii/status/1354386000571756545?s=20 …
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Replying to @nope_its_lily @M1tchRosenthal
Isn’t it just driven by the fact that they are all meme stocks with heavy airplay on r/wsb? And now everyone expects they will move together so they do.
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Replying to @nope_its_lily @M1tchRosenthal
My point is you don’t need to invoke momentum algos (or any algos) to explain this. People perfectly capable of creating the correlation on their own.
5:22 PM - 28 Jan 2021
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