The meme stock trading frenzy that captured market observers attention throughout the first months of the year may have come and gone, but the animal spirits behind it are still raging. What’s changed now is that the same people that were bidding up GameStop Corp., Tilray Inc. and the hundreds of SPACs that hit the market have moved more of their bets to cryptocurrencies, according to a note from Vanda Research. “Prices of stocks like Tilray, Virgin Galactic, Plug Power and Nio have been inversely correlated with cryptocurrencies in 2021, which is indicative of a retail rotation,” wrote Vanda’s Ben Onatibia and ... (full story)