‘Meme’ and tech stocks are crashing, so how are investors hanging on?

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It’s a perfect storm for the stock market this year: geopolitical turmoil, high inflation, and higher interest rates in 2022. And that’s driven out many market newcomers, including “meme” stock investors, whose holdings soared and swooned from social media. “This is a meme stock flush-out, especially for those who were leveraging up to buy everything from bitcoin to NFTs and tech stocks,” said Paul Murray, founder of PTM Wealth Management in North Wales, referring to the popular cryptocurrency and non-fungible tokens, or digital data stored in a blockchain. There are two broad shifts to blame …

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