Earlier, we highlighted the amazing intraday reversal in Monday trading, and the culprit behind it, incidentally the same one we correctly said on Monday morning would appear as if summoned by the dip...
Retail sees dip
— zerohedge (@zerohedge) May 19, 2025
Retail buys dip
Rinse. Repeat
... and this morning JPM's Market Intel desk confirmed as much, writing that "one of the eye opening stats from yesterday stems from the Retail investors. As of 12.30pm EST, they net bought $4.1bn, the largest level ever for this time of day, a more than 11 standard deviation move; retail investors ~36% of trading volume, another record level. Retail investor closed the day net-buying $5.4bn."
