Ordinary investors account for more than a fifth of U.S. stock market activity, roughly double the level of a decade ago, as speculation increasingly functions as a form of personal and political identity. The SpaceX IPO, which made Elon Musk the world's first trillionaire despi…
Retail Investors Now Drive Over 20% of U.S. Stock Trading as Speculation Becomes Identity
Ordinary investors account for more than a fifth of U.S. stock market activity, roughly double the level of a decade ago, as speculation increasingly functions as a form of personal and political identity. The SpaceX IPO, which made Elon Musk the world's first trillionaire despite the company's heavy cash burn, illustrates how sentiment can override financial fundamentals.
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