The stock market should continue to trend up to record highs in 2023, and retail investors are going to help get it there,Lee observed that retail investors now hold a record $1.8 trillion in cash, and that is plenty of fire power to drive stocks higher at a time when expectations of a recession are starting to fall dramatically.
"Retail investors were liquidating stocks at such a furious pace that cash balances sit at an all-time high," Lee said, adding that they"rage sold" stocks in 2022 due to inflation and lingering recession fears. And the cash pile grows even bigger when you include the $3 trillion sitting in money market funds held by institutional investors. That's $5 trillion of combined fire power that could make its way back into the stock market as investors grow less concerned about an imminent economic calamity.
Not if the SECGov FINRA and other regulatory agencies don't stop naked shorting and SecuritiesFraud $MMTLP
$1.8 trillion cash pile, sounds a little inflationary to me.
If it smells like propaganda, there's a good chance it's propaganda. Smells don't lie.
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