There’s a theory that posits records released by Lil Yachty cause the stock market to crash. And so, a resourceful trader might look to sell stock just before the US rapper drops new music. Indeed, online trading communities like Reddit’s /r/wallstreetbets regularly debate whether to exit their positions ahead of Yachty releases, albeit sarcastically. [Read: The ‘average’ Robinhood trader is no match for the S&P 500 — just like Buffett] In fact, the correlation between his records and falls in the S&P 500 (SPX) is so pronounced that posters even joked about the potential effect of Yachty crashing his red Ferrari on the…
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