US Retail Investors Sold Stocks at Fastest Pace Since 2021 Despite Market Rally…

Last month, retail investors sold more than a net of $23.63 billion in stocks, the largest monthly outflow since the end of 2021. In the first 11 months of 2023, retail traders sold approximately $58.29 billion worth of stocks. Armchair investors joined their institutional counterparts, which also sold about $17.15 billion of equities. By comparison, index funds and exchange-traded funds (ETFs) purchased nearly $22 billion of equities in November. Hedge funds trimmed their equity holdings by close to $4 billion. "We are seeing some burnout from the last few years of relatively aggressive inflows for the group," said Christopher…