It's incredible how far retail investors have come: One of the positive outcomes of the pandemic is it introduced a ton of retail investors to the stock market. When everything was closed in 2020, the stock market was open. In the wake of major pullbacks, including this year's drop, retail has been consistently buying the dip. Bear markets are the best opportunity to acquire long-term equity investments, and retail is taking advantage of it. We are forever bullish of retail investors.