The Pro / Bro Tango

The Pro / Bro tango

There has been a Pro / Bro tango going on in the market lately - but the perfect dance is now being disrupted. What do we mean by Pro / Bro tango? The Pros (hedge funds) have been selling most of 2025 and the Bros (retail) have been buying. Last week this dance ended with Pros coming back to the buy-side in full force. What does this mean for markets? To complicate things further, there is a new player that is getting in on the action.