Soon after, though, retail investors pulled out of the market at a furious pace as inflation climbed, the central bank raised interest rates, and risk appetite evaporated. Those that remained endured a brutal rout in 2022.
Gene Goldman, chief investment officer for Cetera Investment Management, told Insider that retail investors bid up stocks in January because optimism for an economic soft-landing ticked up — despite the Fed's insistence that more tough monetary policy is still on the way.
Don’t blame Reddit. Plenty of hedge funds, algos driving up stocks.
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: