“Even though overall retail activity last month was at a 13-month high, the group’s share of total market volume still fell to the lowest level since March 2020, according to Morgan Stanley.” Bloomberg's title seems a little overblown.
Notably the early action was hedge funds pulling back on high-value tech (especially where bought on margin}. Trend followers and rule-based funds piled on.
Later, balanced funds and pensions rebalanced, buying the dip.
Overall worth a read; even if it has no big surprises its good to get a quantitative perspective.
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