Retail Investors Set to Buoy Stocks Into Year-End, JPMorgan Says

Strong flows from retail investors are likely to support stocks into year-end, according to JPMorgan Chase & Co. strategists.

The forecast is based on seasonal patterns observed in a study of equity fund flows over the past decade, the team led by Nikolaos Panigirtzoglou said in a note. Outside of US election years, average flows tend to be higher in December and in the first quarter that follows, they found.