Robin Who? - By James Chapman

With 2 days left in the first month of 2021, it seems there is no plan in sight to slow down the insane headline trend from 2020. So far this year has brought us a run on the capital, another attempt at impeachment, an inauguration, and that brings us to this week. In what some have coined “The Reddit Revolt” we have witnessed a never before seen intersection of social media and the financial markets. Seemingly every time you open your phone to look at Twitter, Instagram, even Tik Tok at this point, you cannot avoid headlines about Gamestop, AMC, and a few other individual stock names. Millions watched their screens as we saw these positions absolutely soar to levels that had even the most astute financial professionals scratching their heads. Given the inquiries we have already fielded regarding these happenings this article will seek to lay out what happened, how it happened, and what lessons it may have produced.