Day Trading Army’s Grip on Stock Market Is Tighter Than in Meme Stock Era
- JPMorgan data show day traders make up 23% of total trading
- Powell ‘has blessed a speculative frenzy,’ strategist says
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Animal spirits are raging again among retail investors and topping the meme frenzy seen exactly two years ago — at least by one measure.
Unbowed by losses of more than 50% in their favorite stocks last year, individual traders are storming back to stocks like Carvana Co. and crypto-related products as the market staged a rebound that added almost $2 trillion to equity values in January alone.