Retail Is Taking Over The Market: Odd Lots Now Represent 66% Of All US Equity Trades
One month ago we showed a stunning data point demonstrating retail's creeping takeover of the stock market at a time when hedge funds and long only funds are increasingly weary of chasing stocks at all time high prices: as shown in the Goldman chart below, as of Q3 volumes for 0DTE, aka 0-days to expiry options which also happen to be retail's favorite highly-leveraged derivative, just surpassed a record 60% of total.
