tyb
>slow load and post took 20 minutes to get it back
GRIMM51 USAF B-52 Stratofortress heading back to Doha, Qatar Al Udeid AB
This AC based at Minot AFB, ND
Retail Stock Buying In July Blew Away All Records, 50% Higher Than Previous All Time High
Last month, when out of the blue we saw a sharp surge in a handful of gigacap names among which Amazon, which rapidly broke out of the range it had been trading in for the past year as a result of an aggressive bid in short-dated OTM calls, a move we dubbed Gammazon, we speculated that a key driver behind this move are retail investors who had moved away from their usual small and mid-cap stomping grounds and decided to target illiquid tech giants during the lowest volume season of the year. Now that the data is in, it appears that we were right.
As JPMorgan quant Nick Panigirtzoglou writes in his latest Flows and Liquidity note, having also previously highlighted the sudden spike of the US retail impulse into individual stocks including ETFs to a record high in June, since then we have seen further acceleration of retail buying in individual stocks and ETFs to a new record high in July. One flow indicator Panigirtzoglou looks to track the retail flow into US cash equities including ETFs is that constructed by his colleagues in Global Quantitative and Derivatives research, whose results are shown in cap#2.
The estimated retail investor net flow into US equities and ETFs from this methodology has been hovering at a very high $700mn per day pace in recent weeks (including the week ending July 30th). As a result, the monthly net flow for the month of July rose to a new record high of $15bn, surpassing the previous record high of $10bn in June by 50%!
Here the JPM quant notes that it is likely that the actual net flow was likely bigger than this estimated $15bn for July as the the estimated net flows shown above underreport the actual net flow by at least a factor of 2 given the above methodology only captures market orders that receive price improvement, which account for about 45% of all retail volume. And retail investors’ gross flows into equities are even bigger, up to 20 times bigger than the net flows reported above. But while stock and ETF buying exploded to record highs in July, in contrast the buying of equity options remained muted in July as shown in the next chart. In the options space, the most high frequency proxy of this US retail impulse is the one based on small traders equity option flows, i.e. option customers with less than 10 contracts (the data come from OCC, the world’s largest equity derivatives clearing organization). They are weekly, with the week ending July 30th as the last available observation. These small traders’ option flows for exchange-traded individual equity options in the US are shown below. After rising between mid-May and end-June, this option flow subsided in July.
Meanwhile, as DataTrek's Nick Colas writes overnight, unlike previous bouts of the meme frenzy, retail traders are appear to be more level-headed this time around, with many still hurting from the unprecedented price swings in AMC and GameStop. Colas points to data from Fidelity which showed that while Robinhood was the most-traded company on Wednesday, the order flow was pretty even, with 32,000 buy orders from customers and 27,000 sells. Colas concludes that his hope, "supported by the HOOD trading data, is that the current crop of traders have picked up some basic risk management skills (likely honed by trafficking in virtual currencies). Still, everyone’s a genius in a bull market so we will keep evaluating their behavior going forward."
Meanwhile, judging by WallStreetBets sentiment, the retail trading frenzy - which previously focused on a handful of small and mid-cap highly shorted names - is now targeting on just one name: Robinhood. This means that the fate of HOOD, where option volumes have been simply staggering as a result of the historic gamma squeeze discussed earlier, will likely soon test Colas' assumption that retail traders are now "astute risk managers."
As for the $64 trillion question - is this activity indicative of a massive stock bubble - we leave that up to readers.
https://www.zerohedge.com/markets/retail-stock-buying-july-blew-away-all-records-50-higher-previous-all-time-high
>>79312 pb Boeing 737 Max heads to China for key test to end flight ban
FAA issues new directive for Boeing 737 Max over potential fire suppression issue
The Federal Aviation Administration (FAA) on Thursday issued a new safety directive for all Boeing 737 Max airplanes and some other 737 planes to address a potential issue with reduced fire suppression capabilities. The FAA said planes may have a failed electronic flow control of the air conditioning packs that vent air into the cargo hold from other areas of the plane. The directive prohibits operators from transporting cargo in the cargo hold if airplanes are operating with this condition unless they can verify items are nonflammable and noncombustible. The airworthiness directive impacts 663 airplanes registered in the United States and approximately 2,204 worldwide.
https://www.cnbc.com/2021/08/05/faa-issues-new-directive-for-boeing-737-max-over-potential-fire-suppression-issue.html
on it B
#487
>>79719 a reminder: Trump fires back at AFL-CIO chief Trumka: 'No wonder unions are losing so much'-thehill from 090219 see pb notables >>79680, >>79679 pb
>>79721 Hydrogen-powered aviation will be tested on turboprops at new Moses Lake venture -seattletimes Aug 3
>>79723 Seattle Times, Danny WestNUT attempts to incite vaccinated citizens against citizens who decline vaccination-July 31
>>79726, >>79732 moar on Trans-HuMANism + Q drop #3426
>>79727, >>79728, >>79729, >>79730, >>79731, >>79733, >>79734 X22 Patel Patriot: Devolution was strategically planned by 45 & the military to take back the country + sum background on devolution
>>79738, >>79740 3yr delta? "President Trump Will Send You a Text Today, Whether You Want It or Not" + PEADs background yt vid
>>79739 Dr. David Martin:" First of all, it is NOT a Vaccine it is a Treatment"-healthimpactnews Jan 13th '21
>>79742 Australian Sen. Malcolm Roberts delivers epic speech on Freedom-bitchute
>>79743 Retail Stock Buying In July Blew Away All Records, 50% Higher Than Previous All Time High-zh
>>79744 Apple plans to continuously scan the iPhones of U.S. users for child abuse imagery. The system dubbed "neuralMatch" would alert human reviewers if it believes "illegal imagery" is detected (FT)-disclosetv
>>79745 12 of 13 Most Vaccinated Countries in the World Now Listed by CDC as Travel Risk-gatewaypundit
>>79746 KANSAS Twat + Q drop #1316 "Joy and hope must transcend our nation’s present deterioration and discord, and we can do it. Our party can lead the way."
>>79749 FAA issues new directive for Boeing 737 Max over potential fire suppression issue-cnbc
>>79751, >>79752, >>79753 Anon asks a question supporting 8kun/JW and gets an answer
>>79754, >>79642 pb moar diggz on OIG report from 2016 Election-the conclusion
wut I habs nao.