Retail Investors Bought the Carry Trade Dip (Patreon)

Retail investors piled in

Retail investors' inflows into US stocks jumped over the last 2 weeks to their highest levels in at least 12 months.

Aggregate net retail 5-day moving average purchases have more than DOUBLED in a month and hit~$1.7 billion last week.

This comes after the S&P 500 fell ~7%, providing what proved to be a buying opportunity.

Following the inflows, the S&P 500 surged over 8% from its low and is now 1.5% away from a new all time high.

The risk appetite for stocks is still strong.

h/t Sanjay for the image.