After Panicking At The Bottom, Retail Is Now Chasing The Meltup

The last time we took an in-depth look at retail trading was March 27, which was the day the market bottomed, and not surprisingly retail sentiment had also just hit rock bottom, with JPMorgan's desk saying retail investors hit peak panic and were "selling the rips", just as CTAs and underwater hedge funds were about to unleash another historic buying spree.