The pandemic created a lot of "firsts" in our world and it created many in the investment world in particular. For one, the usage and discussion of the term "short squeeze" became an everyday word.

Before the GameStop short squeeze driven by retail traders, the term was commonplace in the investment world and buried some in stock market textbooks or trader education material. The term became popular in early 2021 when the stock market was in the midst of a strong rebound from the March 2020 COVID-19 low.

New investors who came into the market during the pandemic — what else was there...