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A small army of insurgents made some money. A bigger army looks like losing some. And the hedge funds march on. But underneath the Reddit-fueled convulsion in unglamourous stocks like Gamestop and AMC, is there a real shift under way in who wields power in the markets? If so, what roles are boredom and the pandemic playing? And how will Wall Street – and Washington – respond?
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EDITOR

Giles Whittell
Sensemaker Editor