Popular Retail Basket: Best Quarter Since Meme-Stock Frenzy Q12020…RISK-ON?

Chart #26 on the list: https://pavchartbook.substack.com/p/daily-chartbook-17

Retail traders bought $3.6 billion in equities over the last week (chart #29)

Also, Tech and Consumer Discretionary have led the way since mid-June (chart #26)

Plus bulls have flipped bears since the June lows.

Basically what I'm getting at asking is…are we RISK-ON?