Robinhood investors are propping up this stock market, says JPMorgan

We are almost two days into what has historically been a bummer of a month for stock investors. Given the list of worries piling up, and those include Friday’s jobs data and the shadow of last September’s nasty 10% slide, “the market is likely to be bound for choppiness,” any way you slice it, notes MarketWatch’s Mark DeCambre.

“What could cause an equity market correction? This question is admittedly difficult to answer. So far this year, retail investors have been buying stocks and equity funds at such a steady and strong pace that makes an equity correction looking rather unlikely,” wrote Nikolaos Panigirtzoglou and a team of strategists in a note late Wednesday.

“Whether the coming Fed policy change changes retail investors’ attitude toward equities remains to be seen. Monitoring this retail flow on a daily and weekly basis going forward is key to the equity market outlook in our mind,” said the strategists. Moderna MRNA, +4.79% has asked the Food and Drug Administration to evaluate its COVID-19 booster candidate, which the drug company says “shows robust antibody responses against the delta variant.” That’s as a new study shows double vaccinations nearly halve the risk of long COVID.

Those waiting to snap up Tesla’s TSLA, +0.16% revamped Roadster will have to wait until 2023, due to “super crazy supply chain shortages, tweeted the electric car maker’s chief executive officer Elon Musk on Wednesday. And that date is hinging on no “mega drama” in 2022, he added. The markets Stocks DJIA, -0.21% SPX, -0.03% COMP, +0.21% have moved up post data, while elsewhere European stocks SXXP, -0.56% are mixed, and oil CL00, -1.27% and gold GC00, +1.02% are logging modest losses.

i want the damn correction!! lol

Alot of them use options to leverage.

When you says young investors, what did you mean?

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China's stock trading volume surges above 1 trillion yuan for weeks as other investment options dry upBeijing's clampdown on real estate speculation, cryptocurrency trading and monopolistic practices is sending investors into the mainland stock market. good Is the love of money the root of all the evil in the world? Tell us your experience once you get it
Source: CNBC - 🏆 12. / 72 Read more »

Wall St Week Ahead Investors grow wary as stocks hit new highsInvestors are girding their portfolios for potential stock market volatility, even as equities hover near fresh highs after logging seven straight months of gains. Non sense
Source: Reuters - 🏆 2. / 97 Read more »

5 things to know before the stock market opens FridayU.S. stock futures and the 10-year Treasury yield rose ahead of Friday's release of the government's August employment report. Ratio geraldcelente alifarhat79 fedriggedmarket
Source: CNBC - 🏆 12. / 72 Read more »

Is the U.S. stock market open on Labor Day?U.S. financial markets will be closed for Labor Day on Monday, Sept. 6, marking a three-day weekend in the U.S., following what has been a mostly spectacular... No. $BTC never closes. 24 hour access to your hard earned value Slow day?
Source: MarketWatch - 🏆 3. / 97 Read more »