🚨THIS HAS NEVER HAPPENED IN MARKET HISTORY
Retail investors just bought $48 billion in stocks in 3 weeks. At all-time highs.
And somehow nobody’s talking about how insane that is.
This is the biggest retail buying spree ever recorded.
Bigger than the meme stock era.
Bigger than the pre-2022 crash buying.
Bigger than anything.
Quick reminder of what happened last time retail got this confident:
they bought $33B before the 2022 bear market, then sold $10B at the exact bottom.
Household equity allocation? 45-49% of financial assets.
For context, the dot-com peak was 40%.
We know how that ended.
The cash on the sidelines thing drives me crazy.
Sure, money markets hold trillions.
But relative to market cap, that ratio is 0.19, the same as 2021’s peak.
Actual bottoms? That number needs to be closer to 0.35.
Meanwhile Wall Street has been dumping.
$31B in net institutional selling in April while retail was buying hand over fist.
Make of that what you will.
Every single time households have gone this all-in on stocks, it’s ended badly.
Every. Single. Time.
My goal isn’t to scare you, but it’s my job to warn you when I see something unusual in the market.
I don’t track prices, I track sentiment. I usually do the opposite of what the masses are doing.
That’s how I bought every bottom and sold every top over the last 10 years.
When the real bottom hits and I start buying heavy, I’ll say it here publicly.
You will regret not following me.