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Stock ETFs Are $800 Billion Sponge
By November of last year, retail investors had liquidated the entirety of the individual stocks they accumulated during the pandemic-era buying frenzy.
That's according to Goldman analysts including John Marshall and Isabella Rosenberg, who on Monday flagged what they called a "milestone": Individual investors have now sold "more than twice" the single-stock Nasdaq holdings they acquired during COVID.
I talked briefly about that on Monday morning here. The natural question is what, if anything
Wonder if the recently announced early June date on the debt ceiling creates a bit of negative momentum sooner than later. People will be referring to the trade article you recently posted (again) and in short order. As always enjoy the work here. The weekly and monthly articles continue to be worth the price of admission.
I should put that on a testimonial page: Come for the Weekly and Monthly letters, stay for the ~200 other articles you’ll get every month.