The do-it-yourself crowd bought a net US$2.7 billion of stocks in the week through Tuesday, roughly in line with the one-year average, according JPMorgan Chase & Co. strategist Peng Cheng, who derived the estimate from public data on exchanges.
“Retail investors have the potential to ‘will’ the market higher,” said Adam Phillips, managing director of portfolio strategy at EP Wealth Advisors. “But in this environment I think most will look for confirming support from the institutional side.” The drop in part reflects institutional investors shuffling holdings to adjust to the new Fed regime. It also coincided with a reversal of fate in the once-successful strategy of buying the dip. Gains that newbie traders relied on are evaporating. As of mid-June, all their trading profits made during the meme-stock era had been wiped out, JPMorgan estimated.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Some big money managers are also stuck in short positions where retail refuses to give up their shares, like in amc/gme. Meme holders are ok with the market crashing since that means less collateral and margin calls for Big money shorts. Ape already made it on Threshold list😉
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Rumours of Ram ProMaster City's demise marks end of small-van marketIt appears that the Ram ProMaster City is the latest on the list of small vans that are soon to go away, amid reports that the Ford Transit Connect and MercedesBenz Metris will do the same. — via drivingdotca autonews autoindustry
Source: TheTorontoSun - 🏆 23. / 68 Read more »
Rumours of Ram ProMaster City's demise marks end of small-van marketIt appears that the Ram ProMaster City is the latest on the list of small vans that are soon to go away, amid reports that the Ford Transit Connect and MercedesBenz Metris will do the same. — via drivingdotca autonews autoindustry Ford MercedesBenz drivingdotca People are deeply enthralled in an endless campaign of indoctrination & mental incapacitation through inexhaustible psy-opted programming of govt & mass media. The subliminally programmed & aimlessly unaware are nothing more than tools void of self to be used as others see fit.
Source: calgaryherald - 🏆 64. / 52 Read more »
Jeremy Grantham warns 'super bubble' in stocks has yet to burst - BNN BloombergFamed investor Jeremy Grantham said the “super bubble” he previously warned about has yet to pop, even after this year’s turbulence in the US stock market. PermaBear. If you say it for long enough, one day it will be true. Meanwhile, what is the opportunity cost to those who listen to him? Bet he has shorted the market heavily and is trying to talk himself into a windfall. No wonder people hate Wall Street.
Source: BNNBloomberg - 🏆 83. / 50 Read more »