Individual Investors Pull Most Cash From US Stocks in Two Years

 

• Retail traders stop chasing the 2023 rally as FOMO evaporates
• Net sales from the group total almost $16 billion in October

Individual investors who had been behind the stock-market rally this year pulled more money from US equities in October than they have in any month over the past two years.

Retail traders sold nearly $16 billion in stocks last month, nearly twice what they unloaded in September, according to S&P Global Market Intelligence. They dumped shares in nearly every sector, although they increased their exposure to real estate, which is the second worst performer in the S&P 500 Index this year with an 8.3% decline.

https://www.bloomberg.com/news/articles/2023-11-09/mom-pop-investors-pull-most-cash-from-us-stocks-in-two-years