An army of retail traders on a Reddit subgroup "wallstreetbets" pushed heavily shorted stocks like GameStop and AMC in an attempt to squeeze out hedge funds with notable short positions, making markets shudder and sending volatility to levels not seen since last year's US elections. And with traders in other countries like Australia and Japan boosting shorted stocks in their markets, could the events of the last few weeks have a long-term impact on global equities? Stephen Innes, Chief Market Strategist for AxiCorp, joined us on Prime Time to share his thoughts.

<p>An army of retail traders on a Reddit subgroup "wallstreetbets" pushed heavily shorted stocks like GameStop and AMC in an attempt to squeeze out hedge funds with notable short positions, making markets shudder and sending volatility to levels not seen since last year's US elections. And with traders in other countries like Australia and Japan boosting shorted stocks in their markets, could the events of the last few weeks have a long-term impact on global equities? Stephen Innes, Chief Market Strategist for AxiCorp, joined us on Prime Time to share his thoughts.</p>

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