[wozniacki]

Perhaps someone well versed in these matters could chime in but the somewhat bigger question is whether its a good indicator even for the economy at large, since Uber's reach is quite global.

Just today:

  One of the biggest surprises of the U.S. stock market’s
  relentless rally is how many individual investors have 
  run away from it.

  The Dow Jones Industrial Average closed above 25000 for
  the first time on Thursday, punctuating a record-setting 
  period nearly unmatched in U.S. history. Yet throughout 
  the nearly nine-year surge in share prices, individual 
  investors have continued to yank money out of funds that
  own U.S. stocks.

  Nearly $1 trillion has been pulled from retail-investor 
  mutual funds that target U.S. stocks since the start of 
  2012, according to EPFR Global, a fund-tracking firm. 
  Over that same period through Wednesday, the S&P 500 
  soared 116% and, along with the Dow Industrials and Nasdaq
  Composite Index, rose to 190 all-time highs.[1]

[1]

As Dow Tops 25000, Individual Investors Sit It Out

Since 2012, $1 trillion has been pulled from retail- investor mutual funds that target U.S. stocks

https://www.wsj.com/articles/as-dow-tops-25000-individual-in...

[jcheng]

I’m guessing that money was pulled out of mutual funds and put into ETFs.

[user5994461]

Many names for the same thing: ETFs, mutual funds, index funds, trackers.