The meme stock craze has cooled off — at least temporarily. Over the past week, favored equities GameStop (GME) and AMC (AMC) have plummeted, dropping about 10% and 21% respectively.
The decline affirms the fears of observers who had warned that a pullback was likely for shares elevated by what some consider speculative trading.
In a new interview, Franklin Templeton (BEN) CEO Jenny Johnson — whose investment firm manages more than $1.5 trillion in assets — criticized the trading as…
Source link
