Volumes by reddit/retail traders has been declining since the middle of February. What is behind the dropoff in retail participation? Simple: the opportunity to engage in other, more social activites. Over the last few months, call volumes have been inversely correlated with indicators of reopening, with volumes rising as stay-at-home activity rose and falling as reopening gathered pace. Said otherwise, the economic reopening is bad news for continued gamma squeezes. As reddit/retail investors have other things to do, the attention focused on the equity market has started its fade. This week also saw the first outflow from US equity funds (-$10bn) in 7 weeks, after averaging $23bn a week since early February. ...

Hello, mooers! Welcome back to our weekly series, the upgraded brand new Weekly Buzz, where we review the news, performance and community sentiment of the selected buzzing stocks on moomoo platform based on search and message volumes last week!(Nano caps are excluded.)
Most sectors settled in the red last week, but some stocks came back to skyrocket. Airlines, energy, and even Meme stocks brought surprises. Last week Hong Kong announced a 0.03% tax increase on stock transactions which sparked a 3% selloff, while SEC stated a reduction in the fee rate of the fiscal year 2021....