Retail traders just poured the most money into the stock market since the post-tariff bottom

The retail traders are back in a major way, according to a blockbuster new report from JPMorgan Equity Strategy & Quantitative Research.

“This past week was exceptional for retail, sustaining the momentum from earlier this year,” JPMorgan strategist Arun Jain wrote of the period ended January 14.

“Retail investors bought $12.0B in cash equities — the largest weekly inflow since the post Liberation Day V-shape recovery,” he continued.

“ETF activity was steady and strong at $7.1B, but notably, retail purchases of single stocks surged to their highest level in nearly 9 months” at $4.9 billion.

Among those single stocks, the Magnificent 7 (excluding Apple) got a lot of love, accounting for a little more than one-third of inflows, led by Nvidia and Tesla. The iPhone maker, on the other hand, saw an exodus of about $185 million. Year to date, however, the Mag 7 is negative, lagging the S&P 500 and Nasdaq 100.

The Takeaway

A rising tide lifts all ships, and tech stocks excluding Magnificent 7 stocks also enjoyed elevated buying activity. Per Jain, trends from the past five years suggest retail traders’ appetite for stocks should stay robust for about another month.