Strategists at JPMorgan, including Nikolaos Panigirtzoglou, noted in a report that robust inflows into equity ETFs signal that retail investors remain bullish on the stock market — support that is crucial for stabilizing the recently battered AI trade. The bank's latest flow and liquidity report shows that ETFs tracking global equities drew average daily inflows of about $20 billion last week, accelerating to $30 billion on Monday. Retail-dominated leveraged equity ETFs attracted nearly $5 billion on November 5 and 6, while inverse ETFs saw roughly equivalent outflows over the same period. The report also noted that a pullback in call option buying could further amplify the impact of retail flows.
