Retail investors were not scared off by the big dump in the US stock market, but they may be far from breaking even.

Golden Ten Data, April 11, it turns out that individual investors are consistent in pouring money into the volatile U.S. stock market. Recently, the U.S. stock market has been hit by Trump's tariff "serial cannon". Buoyed by a sharp rally in the S&P 500 on Wednesday, retail traders continued to buy as stocks fell on Thursday. According to data provided by Emma Wu, a strategist at JPMorgan Chase & Co., retail investors ended the day with a net $4 billion purchase, breaking that threshold for the fourth time this year. "Retail traders are not intimidated by the market crash," Wu said. "Despite the sell-off, they continue to buy aggressively." However, the reversal in the market shows the downside risks they face. The latest round of sell-off has moved equities further and further away from recovering their 2025 losses. "Given their continued dip-buying during the crash, we estimate their portfolio is still far from breakeven," Wu said.