According to JPMorgan, retail investors have purchased $48 billion worth of US equities over the past three weeks, marking the largest inflow ever recorded over such a short period.

This surge suggests:

• aggressive dip-buying behavior
• renewed confidence among private investors
• elevated risk appetite despite broader macro uncertainty

Historically, extreme retail inflows can signal:

• strong momentum continuation
• late-stage positioning during rallies
• or potential contrarian warning signals, depending on context

For traders, the key variables to watch now include:

• institutional positioning versus retail flows
• options activity and leverage buildup
• volatility compression or expansion

Record inflows rarely go unnoticed — they either fuel the next leg higher or mark moments of peak optimism.