JPM: Retail inflows are supporting the equity market
[FT Article](https://www.ft.com/content/d87c6631-55f0-4897-9634-bf0ad969e27d) \- should be free to access
[FT Follow-up Article](https://www.ft.com/content/0e9b2db9-254c-4e95-bffc-35dd2ae29948) \- Premium paywall
J.P. Morgan is claiming that inflows from retail investors are supporting the equity market. *Year-to-date* global total net inflows into equities have already outpaced the previous *Annual* record set in 2017. June through August has been particularly hot, seeing $10bn-$15bn retail inflows into US stocks per month. If inflows stop or reverse, especially from equity ETFs, JPM note it could be worrisome for the equity market. A secondary effect suggests older retail investors are supporting bond markets too, via rebalancing away from rising equities.
Potentially more explanation to come... watch this space.
https://www.reddit.com/r/StockMarket/comments/pjjzjm/jpm_retail_inflows_are_supporting_the_equity/
