Retail investors’ beliefs are contradictory to the empirical evidence.

“Crypto doesn’t have the same mass appeal that it did during 2020 and 2021.”

The current mood is reminiscent of the early days of the tech bubble that burst in 2000 and wiped more than 70% off the Nasdaq, according to TAM's James Penny.

More than $1 billion has flooded into the $35 billion Invesco S&P 500 Equal Weight ETF (ticker RSP).

ETFs aren’t supposed to move the market, just trade in line with the underlying asset.

More than $2 billion flooded into the $17 billion iShares iBoxx High Yield Corporate Bond ETF (ticker HYG) last week.

In four of the last five times a similar level of “retail capitulation” occurred, the S&P 500 Index rose more than average in the subsequent one-, three-, and six-month periods.