According to The Kobeissi Letter, retail investors purchased $4.7 billion worth of stocks during yesterday's market sell-off, marking the highest single-day retail buying in over a decade, as reported by JP Morgan. This influx of retail capital has not signaled a capitulation, leaving retail investors trapped while institutional investors maintain their positions.

According to The Kobeissi Letter (@KobeissiLetter), US pension funds are purchasing approximately $85 billion in US equities this week as part of a quarter-end rebalancing. This is reported by UBS as the largest purchase since the pandemic in 2020, marking their second-largest buy on record. This move could influence stock market liquidity and pricing, providing potential opportunities for traders.

According to The Kobeissi Letter, the ratio of US companies where insiders purchased versus sold their own stock rose to 0.5 in March, marking the highest level since June 2024. This increase returns the ratio to its historical average, as reported by Washington Service data. Such insider activity can be a positive indicator for future stock performance, suggesting confidence in company growth prospects.

According to The Kobeissi Letter, hedge funds have become net buyers of US equities for five consecutive days last week, marking the fastest pace of purchasing since November 2024. This shift represents a significant reversal from the previous five weeks of consistent selling, leading to the largest net purchase of US single stocks in over three years. This buying surge could impact stock prices and investor strategies focused on US equities.