Meme Stocks and Archegos: Fed Calls Out Financial Weak Spots
The Federal Reserve painted a picture of a generally stable financial system, but one bubbling with risk-taking that merits attention.The Federal Reserve warned about financial stability risks emanating from frothy stocks and debt-laden hedge fund bets in its twice-annual report on potential vulnerabilities in the system, pointing to the rise of so-called meme stocks as one sign that risk-taking could be getting out of hand. More
