Report published August 26, 2026
J.P. Morgan Retail Radar: Earnings, Semiconductor Flows, and Rate Dynamics (August 2026)
Source and citation context
- Issuer
- J.P. Morgan
- Report date
- August 26, 2026
- Analysis as of
- August 26, 2026
Authors / editors: Arun Jain, Shizuka Suga, Ana Pous Avila, William Matheson, Khuram Chaudhry, Bhupinder Singh, Dubravko Lakos-Bujas
Finvaulta summarizes J.P. Morgan's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.
Retail trading flows remained stable at $6.9B for the week, marked by strong single-stock buying in Tech/Mag-7 and precious metals ETFs alongside muted interest in small caps. Concurrently, the Momentum unwind resumed, with Low Beta standing out as the strongest relative beneficiary in a rising-rate environment.
Key Takeaways
- 1.Retail flows totaled $6.9B over the week, driven by continued heavy demand for Single Stocks ($2.5B; 83rd percentile) and concentrated rotation back into the Magnificent 7, Technology, and Gold ETFs.
- 2.The Momentum factor unwind resumed as Speculative/Forward Growth and Beta lagged, while Low Beta served as the primary beneficiary in a rising long-term yield regime where rate sensitivity is at a 30-year high.
- 3.Ahead of NVDA and MRVL earnings, retail buying remained constructive but measured (+1.2z for NVDA on Wednesday); NVDA beat datacenter revenue ($89.0B vs. $85.9B expected) and raised guidance midpoint to $108B.
Table of Contents
- Retail Trading Activity Overview
- Equity Strategy and Quantitative Research
- Past Issues
- Crowding and Rotations
- Retail Trading Activity in Numbers for the Week: Aug 20 to Aug 26
- Retail Cash Activity – Overview
- Single Stock Stories with Elevated Retail Activity
- Hedge Funds vs. Retail: High Short Interest Meme Stocks
- Earnings Stories
- Macro & Fundamental Stories
- Meme Battlegrounds: Retail Buying vs. Hedge Fund Shorting
- Social Media Screen and Retail Activity
- Retail Activity in Options
- Retail Investors Options Activity by Sectors
- Appendix: Alternative Data Points on Retail Activity
- Important Disclosures
Report data
Figure 4: Low Beta Portfolios Stand to Benefit the Most in Rising Long-term Rates, Strongest Relationship Ever — as of August 26, 2026.
| Metric | Estimate | Context |
|---|---|---|
| Weekly Retail Net Flows | 6.9 USD Billion | Retail flows matched the 12-month weekly average of $6.9B, with $4.4B into ETFs and $2.5B into Single Stocks. |
| Retail ETF vs Single Stock Percentiles | 83 Percentile | Single stocks stood at the 83rd percentile while ETFs slipped to the 12th percentile. |
| NVIDIA Datacenter Revenue | 89.0 USD Billion | NVIDIA reported $89.0B vs $85.9B expected by consensus. |
| NVIDIA Supply Commitments | 279 USD Billion | Supply commitments more than doubled q/q to secure memory procurement. |
| Non-Retail Futures Net Buys | 12.4 USD Billion | Driven by net buys in NQ (~$11.3B) and RTY (~$1.2B), offset by ES net sales (-$0.2B). |
Reports in this series
Retail Radar is shown in chronological order through this edition, published on August 26, 2026.
Part of the Retail Radar series — view all 5 editions
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Authors / Editors
Reported Data Context
- Weekly Retail Net Flows: 6.9 USD Billion (Week of Aug 20 - Aug 26, 2026) · Source: J.P. Morgan Equity Strategy & Quantitative Research
- Retail ETF vs Single Stock Percentiles: 83 Percentile (Current Week) · Source: J.P. Morgan Equity Strategy & Quantitative Research
- NVIDIA Datacenter Revenue: 89.0 USD Billion (Q2 2026) · Source: J.P. Morgan Equity Strategy & Quantitative Research
- NVIDIA Supply Commitments: 279 USD Billion (Q2 2026) · Source: J.P. Morgan Equity Strategy & Quantitative Research
- Non-Retail Futures Net Buys: 12.4 USD Billion (Past Week) · Source: J.P. Morgan Equity Strategy & Quantitative Research
Securities
Themes
Regions
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