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Seeking Alpha 2021-11-05 11:14:46

Retail investing interest is building again, DataTrek says: At the Open

The trend in investing search volume is higher, which is another reason to support a year-end melt-up for U.S. stocks, DataTrek Research says. Meme stock activity is alive and well this year. GameStop (NYSE:GME) and AMC (NYSE:AMC) are still at historically very high levels, although Wedbush does eventually expect the AMC Apes to cash out. Other issues like Trump media SPAC Digital World Acquisition (NASDAQ:DWAC) and Avis Budget (NASDAQ:CAR) have seen surges reminiscent of January. Web searches for "buy stocks" and "invest" are up 40-90% from the middle of September, still well off the highs seen in January, but the trend is up, according to DataTrek. "Our assumption is that users google these terms when they are just starting to consider investing, so this is a proxy for 'new new' money coming into capital markets," the team writes. The Investment Company Institute says that equity funds saw a second week

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