BREAKING: Retail investors bought 4.5 BILLION in US equities on Wednesday after the Fed cut rates, the most since the last week of April. This marks the 79th consecutive daily purchase. According to Goldman Sachs, weekly retail purchases were the largest since December for the week ending Wednesday. Furthermore, Morgan Stanley data shows that individual investors have purchased ~4 billion in US equities on average PER DAY in September. This is 4 TIMES above the 2020–2024 September daily average and the 2nd straight month where buying exceeded the prior 4-year average by this much. Retail investors are piling into the stock market.(The Kobeissi Letter)