Stock Market Today: Dow notches fresh record high after PCE inflation report

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Although economic stimulus plans from the Chinese government caused the Chinese stock market to jump, retail investors largely ignored the rally.

Net buying of Chinese ETFs and ADRs from retail investors this week remained at muted levels compared to 2021. In fact, it fell slightly as retail investors took profits.

“Do not count on retail traders to get behind China’s latest efforts to prop up their stock market. After getting burned repeatedly since 2021, retail appetite for Chinese equity ETFs and ADRs has fallen into deep bear market,” Marco Iachini, senior vice president of research, and Lucas Mantle, vice president of data science, wrote in a Vanda Research note.

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