[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Neil Sethi [@neilksethi](/creator/twitter/neilksethi) on x 12.4K followers Created: 2025-07-18 10:20:00 UTC MarketWatch: Morgan Stanley says "the pace of the rally is slowing," with "retail demand for US equities ... falling from a pace of $3.5bn/day at the start of the month to $1.5bn/day now." In addition, they expect "the systematic bid to halve to $2.5bn per day by the end of the month," while "a high share of companies" remain in their buyback blackout, as "1H July seasonal equity strength typically weakens through from now through August." (see previous posts on this). While they see a short-term bull case if "HFs still need to buy into the rally," their focus is on the fact that "passive inflows from retail, systematic, and buybacks are set to slow in the 2nd half of July," which they say "could make the market incrementally more fragile to shocks." "While a slowing pace of passive flows don’t necessarily mean the rally is over, it does mean investors should be prepared for the possibility of a ~5% type correction if there is any noise in earnings, macrodata, or tariff policy over the next month."  XXXXX engagements  **Related Topics** [$25bn](/topic/$25bn) [$15bnday](/topic/$15bnday) [$35bnday](/topic/$35bnday) [stocks](/topic/stocks) [morgan stanley](/topic/morgan-stanley) [stocks financial services](/topic/stocks-financial-services) [Post Link](https://x.com/neilksethi/status/1946152970451595494)
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Neil Sethi @neilksethi on x 12.4K followers
Created: 2025-07-18 10:20:00 UTC
MarketWatch: Morgan Stanley says "the pace of the rally is slowing," with "retail demand for US equities ... falling from a pace of $3.5bn/day at the start of the month to $1.5bn/day now."
In addition, they expect "the systematic bid to halve to $2.5bn per day by the end of the month," while "a high share of companies" remain in their buyback blackout, as "1H July seasonal equity strength typically weakens through from now through August." (see previous posts on this).
While they see a short-term bull case if "HFs still need to buy into the rally," their focus is on the fact that "passive inflows from retail, systematic, and buybacks are set to slow in the 2nd half of July," which they say "could make the market incrementally more fragile to shocks."
"While a slowing pace of passive flows don’t necessarily mean the rally is over, it does mean investors should be prepared for the possibility of a ~5% type correction if there is any noise in earnings, macrodata, or tariff policy over the next month."
XXXXX engagements
Related Topics $25bn $15bnday $35bnday stocks morgan stanley stocks financial services