• Email Us: [email protected]
  • Contact Us: +1 718 874 1545
  • Skip to main content
  • Skip to primary sidebar

Medical Market Report

  • Home
  • All Reports
  • About Us
  • Contact Us

Fading retail demand for U.S. stocks could hit S&P 500 – Vanda

September 15, 2021 by David Barret Leave a Comment

September 15, 2021

(Reuters) – Retail investors’ appetite for U.S. stocks has fallen in the past week, data from Vanda Research showed on Wednesday, increasing the odds for a broader sell-off in the S&P 500 at a time when it is already about 2% off its record high.

In the five days to Tuesday, retail investors bought $657.7 million in U.S. equity exchange-traded funds, compared with $989.6 million and $1.39 billion in the preceding two weeks, partly due to a surge in demand for cryptocurrencies, analysts at Vanda wrote in a client note.

“Retail investors have bought every minor dip in equities this year, shielding the S&P against a double digit sell-off (but) this diminishing appetite to support the equity rally raises the odds of a larger sell-off if institutional investors continue to sell,” said Ben Onatibia, senior strategist at Vanda.

The benchmark S&P 500 is down about 1.8% so far this month on worries about the economic hit from the Delta variant of the coronavirus and signs of a faltering economic recovery. Still, the index has doubled from its March 2020 lows and has not suffered a 10% pullback in more than a year. [.N]

In the past week, small-time traders bought up new meme stocks including Aterian Inc, IT services firm Support.com Inc and e-commerce company Vinco Ventures Inc instead of usual targets such as AMC Entertainment Holdings Inc and Clover Health Investments Corp, Onatibia said.

Shares of e-commerce company Aterian slumped 39% on Tuesday, but are still up about 54% since the close of trading on Sept. 7. Support.com and Vinco Ventures have also lost 39% and 18%, respectively, in the past five trading sessions.

(Reporting by Medha Singh in Bengaluru; Editing by Vinay Dwivedi)

Source Link Fading retail demand for U.S. stocks could hit S&P 500 – Vanda

David Barret
David Barret

Related posts:

  1. Golf-Garcia, Lowry and Poulter made captain’s picks for Europe’s Ryder Cup team
  2. Japan’s vaccines minister Kono favoured as next PM in opinion polls
  3. Hit to oil output from Ida overshadows demand impact, says Goldman
  4. Nigeria says 75 abducted children released amid army crackdown

Filed Under: News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  • Martian Mudstone Has Features That Might Be Biosignatures, New Brain Implant Can Decode Your Internal Monologue, And Much More This Week
  • Crocodiles Weren’t All Blood-Thirsty Killers, Some Evolved To Be Plant-Eating Vegetarians
  • Stratospheric Warming Event May Be Unfolding In The Southern Polar Vortex, Shaking Up Global Weather Systems
  • 15 Years Ago, Bees In Brooklyn Appeared Red After Snacking Where They Shouldn’t
  • Carnian Pluvial Event: It Rained For 2 Million Years — And It Changed Planet Earth Forever
  • There’s Volcanic Unrest At The Campi Flegrei Caldera – Here’s What We Know
  • The “Rumpelstiltskin Effect”: When Just Getting A Diagnosis Is Enough To Start The Healing
  • In 1962, A Boy Found A Radioactive Capsule And Brought It Inside His House — With Tragic Results
  • This Cute Creature Has One Of The Largest Genomes Of Any Mammal, With 114 Chromosomes
  • Little Air And Dramatic Evolutionary Changes Await Future Humans On Mars
  • “Black Hole Stars” Might Solve Unexplained JWST Discovery
  • Pretty In Purple: Why Do Some Otters Have Purple Teeth And Bones? It’s All Down To Their Spiky Diets
  • The World’s Largest Carnivoran Is A 3,600-Kilogram Giant That Weighs More Than Your Car
  • Devastating “Rogue Waves” Finally Have An Explanation
  • Meet The “Masked Seducer”, A Unique Bat With A Never-Before-Seen Courtship Display
  • Alaska’s Salmon River Is Turning Orange – And It’s A Stark Warning
  • Meet The Heaviest Jelly In The Seas, Weighing Over Twice As Much As A Grand Piano
  • For The First Time, We’ve Found Evidence Climate Change Is Attracting Invasive Species To Canadian Arctic
  • What Are Microfiber Cloths, And How Do They Clean So Well?
  • Stowaway Rat That Hopped On A Flight From Miami Was A “Wake-Up Call” For Global Health
  • Business
  • Health
  • News
  • Science
  • Technology
  • +1 718 874 1545
  • +91 78878 22626
  • [email protected]
Office Address
Prudour Pvt. Ltd. 420 Lexington Avenue Suite 300 New York City, NY 10170.

Powered by Prudour Network

Copyrights © 2025 · Medical Market Report. All Rights Reserved.

Go to mobile version