Retail Investors Sell Stocks for Three Consecutive Days, First Streak Since 2020 Pandemic

Retail investors have pulled back from the stock market, recording net sales for three straight days through Wednesday — the first such streak since the pandemic era in 2020, according to data cited by The Kobeissi Letter.

Monday alone saw the largest retail outflows since November 2023. The sell-off was concentrated in semiconductors and AI-related names. Micron ($MU) led with $169.4 million in sales, followed by AMD ($AMD) at $38.7 million and Marvell ($MRVL) at $35.8 million.

The shift marks a reversal from the pattern seen earlier in 2026, when individual investors had bought single stocks nearly every trading session before this week.