According to data from JPMorgan Chase, retail traders, who had largely remained on the sidelines during the recent stock market rally, have now started to chase the upward trend.

The latest client flow data from the firm shows a significant rebound in retail buying activity, with overall participation jumping from around the 10th percentile a few days ago to the 55th percentile. This increase indicates that retail investors are beginning to exert effort to catch up as major stock indices hover near all-time highs.

This rebound is primarily driven by a surge in individual stock purchases, which have risen to the 71st percentile compared to the past year. In contrast, demand for exchange-traded funds has weakened, with ETF inflows declining from the 53rd percentile in the previous week to the 33rd percentile.