Group 1 - The core viewpoint of the article highlights that retail investors remain bullish on the U.S. stock market despite skepticism about its sustainability after a significant rally [1] - According to Morgan Stanley analyst Arun Jain, the buying frenzy among retail investors has continued into the new year following a record performance in 2025 [1] - Data from the firm indicates that the purchase volume in the first four trading days of January reached the second highest level in nearly eight months, with daily buying consistently above the 85th percentile of historical observations, indicating exceptionally strong confidence [1] Group 2 - This strong confidence has played a stabilizing role in the market during recent pullbacks [1] - Given the increasing influence of retail investors on Wall Street, if they continue to buy stocks, the upward trend in the U.S. stock market is likely to persist [1] - Interactive Brokers' chief strategist Steve Sosnick noted that the market appears to be driven more by capital flows than by valuations, suggesting that as long as individual investors are willing and able to invest in the stock market, it is a positive signal for the broader market [1]
估值靠边站 资金为王：散户如何成为华尔街新支柱
Ge Long Hui A P P·2026-01-09 10:59