According to the data, retail investors in the US stock market cooled down in August. Taking advantage of the rise in the market at the beginning of the month and reducing some of their holdings, Carson Wealth Management's index for measuring stock holdings and trading activity fell by 3.9% as a result. US bond yields rose and energy prices soared in the same month. This cautious sentiment shown by the market may mean that investors intend to put the brakes on this round of the bull market that has continued for a long time. Joe Mazzola, head of trading and derivatives strategy at Carson Wealth Management, said that investors' wait-and-see mentality is reflected in the gradual shift of capital to ETFs rather than individual stocks. Focusing on the individual stock level, Mazzola said that Elon Musk's SpaceX was unquestionably the most popular target for retail customers in August. Another sentiment survey showed that in September, Jiaxin customers' bullish sentiment about the stock market picked up slightly. Mazzola commented that the customer was “defensive, but not significantly pessimistic.” Investors are most bullish on energy stocks. Jiaxin said that part of the reason is that the market is concerned about energy demand brought about by AI.

According to the data, retail investors in the US stock market cooled down in August. Taking advantage of the rise in the market at the beginning of the month and reducing some of their holdings, Carson Wealth Management's index for measuring stock holdings and trading activity fell by 3.9% as a result. US bond yields rose and energy prices soared in the same month. This cautious sentiment shown by the market may mean that investors intend to put the brakes on this round of the bull market that has continued for a long time. Joe Mazzola, head of trading and derivatives strategy at Carson Wealth Management, said that investors' wait-and-see mentality is reflected in the gradual shift of capital to ETFs rather than individual stocks. Focusing on the individual stock level, Mazzola said that Elon Musk's SpaceX was unquestionably the most popular target for retail customers in August. Another sentiment survey showed that in September, Jiaxin customers' bullish sentiment about the stock market picked up slightly. Mazzola commented that the customer was “defensive, but not significantly pessimistic.” Investors are most bullish on energy stocks. Jiaxin said that part of the reason is that the market is concerned about energy demand brought about by AI.