10 November 2023
Retail traders sold off nearly $16 billion in stocks last month, indicating a significant decline in market enthusiasm. This broad sell-off, nearly double that of September, spanned most sectors, reflecting growing caution among investors as the S&P 500 struggles amid high interest rates and increasing geopolitical risks. While institutions also reduced their equity holdings, hedge funds took a different approach, buying into the weakening U.S. stock market.