To measure the money’s immediate impact on the stock market, the researchers-along with Prof. Track the spendingĬonsider the first stimulus program in April 2020, in which citizens received payments of up to $1,200 from the government, totaling more than $200 billion.
And it suggests that the flows of cash into the market were large and had significant impact, he says. But this study offers evidence to support some experts’ suspicions that stimulus money was making its way into the stock market, saysĪ co-author of the study and professor of finance at New York University. The growth in social media and the increased number of individuals working at home with free time on their hands.
Of course, a lot of factors went into the meme-stock surge-including the advent of commissionless trading at websites such as
