According to Vanda Research data, amidst Thursday's massive sell-off in US mega-cap tech stocks, retail investors net sold $338 million in individual equities, marking the largest single-day capital outflow record since March 2020. The research firm noted that retail investors' willingness to "buy the dip" in individual stocks has largely vanished, with remaining buying activity concentrated primarily in leveraged ETF products such as TQQQ and SOXL.