BREAKING: Retail investors bought +105 billion of US stocks over the last month, the largest monthly purchase on record. Retail demand has risen FIVEFOLD since April. This brings total YTD purchases to +630 billion, already surpassing the all-time high of 590 billion in 2021. Retail investors are now on track to buy 800 billion worth of stocks in 2025. As a result, retail shares traded as a % of total hit ~30%, just below the 32% record during the 2021 meme stock frenzy. Retail investors are buying like never before.(The Kobeissi Letter)