Hot-Money Retail Traders Turn Momentum Chasers Into Bagholders
Bloomberg (Bloomberg) — A four-day rally that sent shares of the unprofitable vegetarian foodmaker Beyond Meat Inc. up more than 1,000%, only for a big chunk of the gains to vanish in a flash. A record-setting surge in gold prices, followed by the worst two-day selloff in years. Billions of dollars of inflows into risky…