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.
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😉
เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:
ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว
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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
แหล่ง: TheTorontoSun - 🏆 23. / 68 อ่านเพิ่มเติม »
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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.
แหล่ง: BNNBloomberg - 🏆 83. / 50 อ่านเพิ่มเติม »