高盛：散户占美股30%交易量，6月交易额创新高

Odaily Planet Daily News: Goldman Sachs released data on retail trading activities in the U.S. stock market. Currently, retail investors contribute approximately 30% of the daily trading volume in U.S. stocks. Market trading activity continues to heat up. In May, retail trading volume increased by 10% compared to the peak of the 2021 retail frenzy, and June set a new all-time high. The options market is also heating up, with daily trading volume exceeding 50 million contracts multiple times this year, doubling from three years ago.

Citadel data shows that retail buying was extremely strong in July, with no net selling on any single day, forcing under-positioned institutions to chase prices higher. Goldman Sachs estimates that retail investors' direct brokerage account assets reach $12 trillion, accounting for 10% of the U.S. stock market's total value. When including all individual investor assets, the total is $111 trillion, which institutions refer to as a market "great white whale."

Regarding the AI-driven market rally this cycle, market opinions are divided: some industry insiders warn that computing power liabilities could trigger a crisis in the AI sector, while Howard Marks is optimistic that the long-term productivity value of AI can offset short-term pressures.