Retail Army Bets Record $1.5 Billion on Single Stocks in a Week, JPMorgan Says
- Group’s inflow into single stocks is biggest ever, JPM says
- Nasdaq 100’s gap above 200-day moving average getting extreme
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If the momentum in US stocks is getting extended, retail investors — whose risk-on appetite just hit a new high — don’t want to hear about it.
Undeterred by a rally that had already pushed the S&P 500 up 14% this year, non-professional investors bought $1.5 billion of single stocks in the week ending Tuesday, an all-time high, according to data compiled JPMorgan Chase & Co. strategist Peng Cheng. Flows including exchange-traded funds and individual stocks topped $4.4 billion, the data show.