The retail traders are back in a major way, according to a blockbuster new report from JPMorgan Equity Strategy & Quantitative Research.

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Hey Snackers,

Not content with generating money through digital assets, BitMine Immersion Technologies, the biggest ethereum treasury company, is also attempting to cash in on another largely incorporeal industry: the attention spans of young people. It’s making a $200 million equity investment into Beast Industries, the holding company for the various ventures of YouTube star Jimmy Donaldson, aka MrBeast, who officially blew past 100 billion views last year.

The S&P 500 and Nasdaq 100 rose as TSMC’s blowout quarter, guidance, and capital expenditure plans lifted AI-adjacent stocks. The Russell 2000 rose 0.9%, outperforming the S&P 500 for the 10th consecutive session, the longest winning streak for small-caps since 1990.