Retail buyers are dominating the markets with massive purchases

>Retail investors have maintained an aggressive buying streak in US equities for 22 consecutive sessions ending November 3rd. This run puts the current momentum among the longest purchasing streaks seen since the memestock frenzy of 2021. This extended activity marks the 6th longest purchasing streak registered by retail investors since 2017.

Over this specific period, retail buyers pumped approximately $33 billion into equities. That massive volume translates to an average daily purchase of about $1.5 billion, which is 40% higher than the average seen over the trailing 12 months.

Looking at the bigger picture, retail investors have shattered records year-to-date. They have purchased a total of $251 billion in equities, surpassing the previous full-year mark of $241 billion set in 2021.

This YTD purchasing total represents a significant surge of 134% compared to the same period last year. Retail buyers continue to prove their appetite, effectively buying the dip.

This report on sustained retail demand comes from @KobeissiLetter.