Today is the strongest Monday morning opening gap higher for the S&P 500 since 10/17/22...
The Goldman Sachs Electronic Trading desk analyzes every trade in every stock to assess whether it is retail (i.e. did it go through Payment for order flow?) and whether it was a buy or sell. Goldman then aggregates the net buying for the stocks in each major index. Retail continues to buy stocks on dips, especially Tech stocks. Retail has bought $35b in NDX stocks and $24b in S&P 500 stocks year-to-date, with over half of that buying happening in March...
