Every day it's some massive junk factor ramping higher. Last week it was Most Shorted, today's it's the Meme stonk basket. From Goldman mid-day wrap: Activity levels running hot to start the week with volumes up +25% and on track for the highest share count since the Russell Rebal (today tracking to 21.4B vs 23.7B on 6/27). ). Today there are 19 more active stocks than NVDA (half of which trade < 1) Driving that activity is the Retail footprint which has continued to grow since 930am – OPEN has traded 1B shares, making up ~9% of tape volumes so far This morning featured a lower quality bid to stocks with our short basket (GSCBMSAL) surging +2.5% out of the gates, but has since given it all back while our Meme basket (GSXUMEME) is off 180bps from its intraday high. Our Momentum pair (GSPRHIMO) continues to chop lower (with YTD winners under pressure) after closing out Friday with its 2nd best weekly performance of the year(zerohedge)