Good News: The Marginal Equity Buyer Is Back (And Bigly)

Good News: The Marginal Equity Buyer Is Back (And Bigly)

Is the marginal equity buyer back? Two weeks ago, JPMorgan's Nikolaos Panigirtzoglou asked the following question: Has the marginal equity buyer gone? He was of course referring to the retail bid for stocks. Following the rather dramatic outflows that coincided with the February market turmoil, there was some evidence that Joe E*Trader was set to dive back into markets, but subsequent volatility in equity ETF flows through the end of last month cast some doubt on that assumption.   Pani
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