Retail investors have been pouring a record amount of money into US financial markets, driving their cash toward ensuring they don't miss out on stock gains made so far in 2023, according to research firm Vanda.
Those waves of money have contributed to a continued drive in market swings since the second half of 2022. The sway held by retail investors was on display Wednesday when the S&P 500 clawed out of the red to finish modestly higher. Vanda said total net purchases of US securities exceeded expectations by a significant margin that day.
Professional investors have been widely bearish on stocks. Meanwhile, the largely contrarian crowd of retail investors appears to be well-funded while they pick up equities.
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