...retailers in US are GAMBLING big time, many are doing it in place of real work, many making money to prove it that it can substitute full time work.
...and that itself becomes a problem.
...they are always FOMO and will not quit until they eventually learn it the hard way. Just ask Portnoy. He made so much until he blew it off. And he's back again, this time probably a little wiser.
Retail is very bullish of Nvidia: Retail investor purchases of Nvidia stock, $NVDA, hit $5.9 billion over the last month, the most on record. Purchases have more than DOUBLED in just 5 weeks, according to Vanda Research data. Since May, retail's 1-month buying sum of $NVDA has risen over 600%. Still, purchases are below the record ~$8.2 billion in Q1 2023 purchased by Tesla, $TSLA, retail investors. Meanwhile, retail flows into Nvidia leveraged long ETFs, $NVDL, $NVDU, and $NVDX hit $260 million over the last month, also a new all-time high. Retail risk appetite is through the roof.
