Being aware of the robinhood rallye is one thing. Experiencing it with a stock (Jumia) going from $2.7 to $27 in less than 6 months is different. Especially with a +100% in a week at the end.
Below is a chart of the price of Jumia and the number of Robinhood accounts having Jumia shares. Insane correlation. I haven’t seen any significan news for Jumia.
The cap for Robinhood accounts is just below 1M. Does that let a long way up?
Another thing to look is that personal income will decrease as stimulus benefit are ended (at laest for now). It was a big factor for stocks increase.
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