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J.P.Morgan Play Down Impact Of Retail Traders In Broader Market Rally

EQUITIES

Late on Tuesday J.P.Morgan noted that they "continue to find that retail-driven small option traders, which had likely propagated the tech rally in August, played only a modest role in September's equity market correction. Moreover, the step increase in US retail equity trading activity in Q2 appears to mostly reflect short-term trading rather than a sustained increase in the equity ownership by US retail investors, which raises questions about the narrative that retail investors have played a significant role in driving the broader market rally since March."

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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