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Lu Wang
Institutional investors are striking back in stocks, upending the brief and kooky reign of the retail day trader.
So says veteran market-structure analyst Larry Tabb, citing a panoply of evidence including volume on legacy venues like the New York Stock Exchange as well as the quickly swelling value of shares changing hands each day in equities. Data from Morgan Stanley found big-money investment houses bringing increasing pressure to bear on the futures market, while prime brokerage data showed hedge-fund selling drove the selloff in speculative tech at the turn of the year.
