The people who move stock prices significantly are usually the ones doing it by volume - i.e. institutional investors (ex: Cathy Wood). Retail investors are a recent phenomenon when in aggregate.
The question still remains, where are they going to park these profits?
I still don't think that a stock price going down means there is excess money in the economy that needs to be parked somewhere. Someone has more money and someone has less.
This is still true when we're talking about institutions. Some institutions profit and others lose. Cathy Wood's record is far from perfect and she is losing big time right now.
The question still remains, where are they going to park these profits?