According to Walter Bloomberg‘s post on X, U.S. equity markets averaged $1.03 trillion in daily turnover in January. That marked a 50% year‑over‑year jump and about 19 billion shares traded each day.
“Trading above 15 billion shares daily has persisted for 13 straight months, signaling strong, sustained liquidity and a new norm of heavy market activity.”
Investors poured into software and AI stocks, driving large inflows to key ETFs, according to The Kobeissi Letter and its post. The Tech‑Software ETF IGV posted a combined $1.5 billion two‑day inflow, the second‑highest on record.
Trading volume for IGV hit a record 86 million shares in the three days ending Thursday, roughly double the early‑2021 peak. Call option volume in the fund surged to a record 252,000 contracts on Thursday, after 220,000 contracts on Wednesday, about five times the 2025 high.

