Today was a pretty crazy day for the stock market.

How are people feeling? Too much too quickly? Coiled spring that was ready to burst?

Best 12-day stretch since 2009. It has legitimately been an incredible move from the March 30th lows.

From the data I’ve seen, it doesn’t seem like retail went crazy buying the dip. Last year in March/April, retail bought $80B of stocks.

There was a structural shift of stocks from institutions to retail in those two months and because of the V shape, institutions had to come back snd chase at much higher prices which caused the next 6-month rally.

This time, it seems like retail did buy, but NOT at the “im going all in” type of levels we saw last year. The reason for this was because many people simply didn’t know when or if this war would come to an end.

Now it seems like shorts are covering hard as we had the largest short float in a decade on tech AND net new money is coming off the sidelines into the most incredible companies in the world (Mag 7) that still trade at low (not as low anymore) multiples.

This is allowing other sectors like Fintech, SaaS, etc. to continue to run again as well. The idea of the war being over is what the market cared about and has now begun to price in that reality, just in time for Q1 earnings.

My personal buys:

- $35K in retirement account allocated the day after the ceasefire was announced in $Palantir Tech(PLTR.US) $Robinhood(HOOD.US) $Broadcom(AVGO.US) $Alphabet(GOOGL.US) $NVIDIA(NVDA.US) $Rocket Lab(RKLB.US) $Tesla(TSLA.US) $Grab(GRAB.US) $Meta Platforms(META.US) $Oracle(ORCL.US).

- I did put in $2500 on March 30th for the best prices but it just wasn’t a ton of money that day which ended up being the bottom for now.

- $Rocket Lab(RKLB.US) $Palantir Tech(PLTR.US) $Oracle(ORCL.US) were my main dip buys in my brokerage. $Rocket Lab(RKLB.US) at around $67, $Palantir Tech(PLTR.US) and $Oracle(ORCL.US) during the SaaS selloff with $Palantir Tech(PLTR.US) around $125 and $Oracle(ORCL.US) $137.

But, I did not go “all in” during this dip and still have more to allocate. Last year, I pretty much went all in and I think many other retail investors did as well.

How are people feeling? Did you buy heavy?

Are you doubtful here? Where do you think we go from here?

Source: amit