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Stock Market being propped up by retail investors, but there's nothing to see here

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@jondoe
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Retail driving the majority of the recent stock market gains?

Shut everything down and pay people money to stay at home, sounds like a great model right?

It sure is if you are a stock or crypto investor!

Especially in a world where Robinhood and it's swam of millennials love them some tech stocks.

It looks like we know who has been driving much of the recent gains:

(Source: https://www.lewrockwell.com/2020/08/kevin-duffy/the-robinhood-rally-2/)

This isn't a bad thing by itself, but what group tends to buy the top in a market cycle?

Have any guesses?

Yep, it's retail.

And if retail has been the primary buyer, it may mean they are due to get rekt.

Hopefully that doesn't spill over into crypto as well.

Posted Using LeoFinance