I'm hearing the market explained by various people, and the one that stood out the most is that big money is "forced to buy" chip stocks and whatever other crap is acting like a meme right now.
These money managers are not waiting for a deal; they are fomo chasing even worse than wallstbets smoothies. Panic buy the next small dip. Ignore fundamentals.
I always thought money managers would be responsible, but they're gambling as bad as retail. I never thought it would come to this.
and now PDT rule is gone, so small accounts can blow up faster betting on those way out of the money 0dte options to try to cause a gamma squeeze.