Retail investors bought the dip:

Individual investors net bought +$1.8 billion of the S&P 500 ETF, $SPY, yesterday, the largest daily purchase since October.

This was also the 3rd-largest inflow since the April 2025 market recovery.

Year-to-date, retail purchases have exceeded +$1.0 billion every single day.

For the week ending January 14th, individual investors purchased +$12.0 billion worth of equities, the largest weekly inflow in at l
east 3 months.

This includes +$4.9 billion in single stocks, the highest in 9 months.

Retail investor risk appetite is stronger than ever.