
The Kobeissi Letter|Apr 04, 2025 14:03
Retail got trapped yesterday:
As we clearly noted in the below post, yesterday's sell off was NOT capitulation.
Retail investors bought 4.7 BILLION of stocks yesterday alone, per JP Morgan, a 10+ year high.
Today, retail capital has been trapped and institutional capital is taking advantage of it.
Bear markets are when profitable traders can shine.
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