The economy and corporate profits are in free fall because of the Covid-19 outbreak. So is the market being propped up by the Federal Reserve -- which is now buying ETFs -- and big mutual funds, hedge funds and other institutional investors hunting for bargains?Not exactly. It appears that many individual traders have been buying up stocks in recent months, including risky bankrupt firms as well as the FAANG tech giants.
After he and his staff looked more closely at trends on Robinhood, Holmes found that many younger investors were buying the ETF after a huge dip."More millennials are working from home more and actively trading," Holmes said, adding that airline stocks might be a popular"buy what you know" trade for younger people who like to travel and spend on experiences.
The longer the marches for freedom and equality the better the stock market will be. They are using it as a calming and togetherness. When that happens people settle in and spend. The human psyche is strong.
They're called Day Traders and make money on the fluctuations.
I love working from home. It's so much more relaxing and I feel I can get more done
'Experts' are wrong again
You mean people have to buy up a stock for the price to go up? Wow you are geniuses at CNN!
Insider-traders ? LOL, the stock market is a FAKE economy that the rich exploits to rip off the fools who trust them ;-)LOL.
“Scratching there heads?” It’s the 1% that reinvest when what is left of the middle class that is flailing. And his big money supporters are getting richer
Anyway your story falls apart since most of the moves in last 3 months or so where overnight.
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