It’s been a dramatic few weeks in the equity market, and retail investors are driving it, Roger Hirst told Real Vision during today’s Daily Briefing.
Retail investors are trading small and often in an options-led equity exuberance, and as a result, the institutional whale is having less impact on direction and on absolute volatility. Hirst said this is basically an air pocket, as nothing obviously structural is driving all that volume.
Hirst said the impact options trading is having on the equity market is linked to contract expiries. The majority of the volume is happening