Robinhood investors are propping up this stock market, says JPMorgan

We are almost two days into what has historically been a bummer of a month for stock investors. Given the list of worries piling up, and those include Friday’s jobs data and the shadow of last September’s nasty 10% slide, “the market is likely to be bound for choppiness,” any way you slice it, notes MarketWatch’s Mark DeCambre.

“What could cause an equity market correction? This question is admittedly difficult to answer. So far this year, retail investors have been buying stocks and equity funds at such a steady and strong pace that makes an equity correction looking rather unlikely,” wrote Nikolaos Panigirtzoglou and a team of strategists in a note late Wednesday.

“Whether the coming Fed policy change changes retail investors’ attitude toward equities remains to be seen. Monitoring this retail flow on a daily and weekly basis going forward is key to the equity market outlook in our mind,” said the strategists. Moderna MRNA, +4.79% has asked the Food and Drug Administration to evaluate its COVID-19 booster candidate, which the drug company says “shows robust antibody responses against the delta variant.” That’s as a new study shows double vaccinations nearly halve the risk of long COVID.

Those waiting to snap up Tesla’s TSLA, +0.16% revamped Roadster will have to wait until 2023, due to “super crazy supply chain shortages, tweeted the electric car maker’s chief executive officer Elon Musk on Wednesday. And that date is hinging on no “mega drama” in 2022, he added. The markets Stocks DJIA, -0.21% SPX, -0.03% COMP, +0.21% have moved up post data, while elsewhere European stocks SXXP, -0.56% are mixed, and oil CL00, -1.27% and gold GC00, +1.02% are logging modest losses.

i want the damn correction!! lol

Alot of them use options to leverage.

When you says young investors, what did you mean?

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