Retail investors keep buying. Institutions keep selling. Who’s going to be right? ETFs like VOO and SPY just saw a huge wave of new money from retail traders…over $100B added in July alone. Meanwhile, big institutions are pulling cash out of the market and piling into bonds… At the same time, earnings are all over the place. Arista and AMD crushed it. Super Micro and Snap flopped. McDonald’s beat earnings but still dropped. Some say this is a “stealth rally” driven by retail