The river of retail money that once propped up US stock markets has slowed to a drip.
Equities indices are headed for their sixth straight weekly fall in a row, with the S&P 500 off 17 per cent so far this year and the Nasdaq Composite down by 27 per cent.
The losses are causing some smaller investors to sour on the market. Net retail inflows amounted to just $2.4bn this month to May 10, compared to $11bn in April and $17bn in March, according to data from JPMorgan.
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