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Fresh off a bumper 2025, retail investors are rushing back into the market with a focus on energy stocks.

Everyday traders bought at the second-highest level in almost eight months at the start of 2026′s trading year, according to a JPMorgan report released Wednesday. Oil-related stocks were a particularly hot pick for mom-and-pop investors following the U.S.′ weekend strike on Venezuela, data shows.

“Retail investors favored some of the companies that can immediately profit from the potential return of Venezuelan heavy crude to the [U.S] or those needed to rebuild the country’s decaying oil infrastructure,” Arun Jain, JPMorgan’s quant analyst, told clients.

Net daily retail inflows into Halliburton