Meme stocks played a significant role in the market’s exuberant sentiment in 2020-2021, leading to a cyclical peak. The launch of a ‘Meme ETF’ on 12/8/21 marked the peak in the Nasdaq before the 2022 bear market, according to BTIG’s chief market technician, Jonathan Krinsky.

Read more at Dow Jones & Company: Stocks Rally to Records as ETF that ‘Was Essentially the Peak in the Nasdaq’ in ’21 Makes Its Return