Retail investors are no longer following the market

For most of modern financial history, retail investors were treated as background noise. Institutions moved the market. Hedge funds set the tone. Analysts shaped narratives. Individual investors followed. That era is over. Retail investors made up 35% of the market in April 2025, an all-time high. According to a 2024 report, almost 80% of the market is high-frequency algorithmic trading. Combine these numbers, and it is theoretically possible that all of the market could be trading a popul...