“White-Haired Stock God” Serenity: The Liquidity Cycle of the U.S. Stock Market Is Essentially a Transfer from Retail to Institutional Investors; Negative Research Reports May Signal Institutional Accumulation

Odaily reported that “White-Haired Stock God” Serenity posted on platform X, stating that during cycles of technological architectural shifts, retail investors tend to deploy capital first, while institutional funds gradually step in during later stages to dominate market pricing. Taking stocks such as SIVE, NBIS, and RKLB as examples, their initial institutional ownership was relatively low. However, as institutions continued to increase their holdings, their stock prices eventually reached all-time highs.

Serenity believes that the current negative sentiment surrounding companies like Foci and HIMX may be related to some institutions needing to acquire liquidity and accumulate shares at lower prices. In recent years, when some sell-side institutions have issued negative research reports or concentrated bearish news has emerged in the market, it has often coincided with institutional accumulation phases. Investors should conduct independent research and establish their own investment logic, and should not be easily influenced by market noise. The modern liquidity cycle of the U.S. capital market often manifests as a transfer of holdings from retail investors to institutions, and this process may not necessarily align with the interests of retail investors.