Goodbye BTFD: Retail Is Now "Selling Rips"

Two days ago, in a post titled "Buy The Dip" Is Dead", we wrote that when looking at the latest retail data from Vanda Research following Tuesday's powerful rip in stocks, we said that despite Wednesday's powerful morning meltup which was driven by ceasefire optimism, "the retail bid was notably absent today" and noted that in the first 2 hours of trading, "instead of buying, retail actually sold $5.5mn of US-listed single stocks"