According to JP Morgan, retail traders aggressively bought the dip this morning, purchasing $4.1 billion worth of U.S. stocks by 12:30 PM — marking the largest intraday retail inflow on record. https://x.com/TradingThomas3/status/1924600017232236780
Market complacency was back at the worst possible time:
The US equities put/call ratio fell from the highest level in 12 months to the 2nd-lowest level this year.
Since the 2022 bear market, the put/call ratio has rarely been this low.
Time to be careful https://x.com/GlobalMktObserv/status/1924457514357170185
..there hasn't been one legal binding trade agreement...not even UK which was just a framework of agreement.
..Trump is done seeking one. That's when unilateral tariff imposition comes ahead. So market especially in the retail end has been totally complacent and unprepared.
..S&P500 faces 6k psychological test.