The End of "Dumb Money": How Retail Traders Conquered Wall Street

Five years after the GameStop short squeeze, the "dumb money" narrative is dead. In this episode, we break down an exclusive CNBC report by Yun Li, Kate Rooney, and Alex Harring that reveals how retail investors have evolved from a pandemic fad into a dominant market force.Key takeaways:The Numbers: Retail now accounts for nearly 20% of daily equity volume.The Shift: Why hedge funds are now forced to "respect" and track retail sentiment.The Future: How a $120 trillion wealth transfer will cement retail investors as the new kings of capital.Source: CNBC, "Five years after the GameStop mania, retail investors have become a force Wall Street can’t ignore" (Jan 27, 2026).