The last and most important nonfarm payroll report before the September FOMC directly determines whether the 'recession panic' will intensify, and whether the Federal Reserve will cut rates by 25 basis points or 50 basis points in two weeks. However, the results left both the optimistic and pessimistic sides somewhat unsatisfied. It's true that the data isn't great, but there wasn't a direct shock that would make a 50 basis point cu...

This is incredible:
Retail investors have bought over $5 billion of leveraged equity ETFs in the last 12 months, the most since 2022.
This marks a $3 billion increase on a 1-month rolling sum basis in just a few months.
Since the October 2023 low, retail investors have been piling into leveraged ETFs.
However, a similar pattern was seen in 2021 and early 2022 after which retail experienced significant losses.
The average retail investor portfolio drawdown from the 2022 peak was 35% and took 1.5 ...