Investing

Retail Traders Cash Out on Bet That Market Rally Is Nearing End

After a strong year for stocks, some investors argue trouble is lurking ahead for the tech giants that have fueled gains in 2023. 

Photographer: Michael Nagle/Bloomberg
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Retail traders are getting worried the party won’t last.

After a stock rally this year that has nearly erased the decline in 2022, some small-time investors are taking profits and selling riskier investments, as they ponder whether or not the handful of technology companies that have propelled major indexes can continue to prop up markets.