Retail Dip-Buyers Get Whiplashed Big Time by Historic Volatility
- They bought Monday’s dip only to see S&P 500 drop another day
- Massive intraday reversals testing resolve of newbie investors
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Retail investors who netted billions in the legendary pandemic bull market are getting schooled on stock volatility at long last, as the rates-fueled rout resumes.
When major major indexes were in free fall Monday, mom and pop offloaded a net $1.5 billion worth of stock by noon, according to data compiled by JPMorgan Chase & Co. strategist Peng Cheng. Yet conditioned by two years of nonstop rewards, these would-be dip buyers then poured $1.3 billion in the final hours as the megacap benchmarks wiped out steep losses.