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JPMorgan Says Retail Investors Are Finally Bailing on Stocks

  • Small-time traders exiting equities at fastest pace since 2020
  • All the gains amateurs made in meme era have been wiped out

Some of the last bulls at the party are finally yielding to the bear market, bailing from stocks at the fastest rate in nearly two years.

Retail investors, who’d almost always bought the dip since the pandemic crash, exited shares in the past week, with sales reaching the heaviest since September 2020, according to an estimate by JPMorgan Chase & Co. based on public data on exchanges.