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Traders invested $210 million into the Invesco S&P 500 Top 50 ETF (XLG) on Monday, marking the largest one-day inflow in the fund's history. This ETF tracks the top 50 stocks in the S&P 500 index. The significant inflow highlights investor confidence in megacap stocks, particularly in the technology sector. Additionally, retail investors have been actively buying the dip in tech stocks, including Nvidia and Tesla, amid market corrections. Corporate America also participated in dip-buying as U.S. stocks experienced their worst correction since October, with Goldman Sachs' buyback desk receiving record orders.
As the S&P 500 was plunging earlier this month, retail investors were buying the dip 🫡🥳🫂 https://t.co/dyzvRxUuo4
The ETF industry’s shark-jumping moment https://t.co/dMW09pan1G As if $MSTR isn't volatile enough already (96), you will be able to play $MSTX with it at 168, without a margin account. Beware the fees and decay from rebalancing.
FROM JPMORGAN TODAY: Retail traders have bought the dip to the tune of $1.8B with $1.3B of that money going to only four names: $TSLA $NVDA $MSFT and….. $PLTR Palantir. 🥶🥶🥶🥶🥶