Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Since recent market lows in March amid the coronavirus meltdown, retail traders have been jumping into stocks via zero-fee brokers such as Robinhood, fueling a popular narrative that new retail investors are driving the stock market's recent rally.
In addition, Barclays found that there is actually a negative relationship between Robinhood ownership and stock price performance.Retail investors using the popular trading app Robinhood have not driven the market's recent rally, and in fact, their top stock picks have had lower returns, according to a recent analysis by Barclays.
The analysis found that in aggregate, there is no clear relationship between Robinhood customers adding shares and S&P 500 index performance, according to the Friday note. via zero-fee brokers such as Robinhood, Charles Schwab, and TD Ameritrade. That's fueled a popular narrative that new retail investors are driving the stock market's recent rally.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inside a $40 million estate on Miami's celebrity-studded Star Island - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Last sold 04/28/2011 for $25,500,000, annual taxes are $460k, overpriced and the payments will kill you before any thief will. BTW there is another house on the island going for $27.9M
Source: BusinessInsider - 🏆 729. / 51 Read more »
Top stocks on Robinhood brokerage get crushed as market violently reversesSome Robinhood traders who had booked profits as the market rebounded are getting squeezed as the Dow tumbles again. BREAKING :- INDIA Registers HIGHEST NUMBER OF coronavirus cases in 24 hours.... COVID19 Steal from the poor and give to the rich, eh Robbinghood!
Source: CNBC - 🏆 12. / 72 Read more »
'Diversity theater' is not enough, says former McAfee CEO Chris Young - Business InsiderCompanies need to go beyond 'diversity theater' and commit to long-term, concrete metrics for change, says former McAfee CEO Chris Young: 'Otherwise you're just sort of hoping it gets better' Ask Former CEO of McAfee what he did to address Anti Black behavior at his company? Silicon Valley employs less than 3% Black and less than 1% American Black. Flowery words after the fact don’t fix the issue. HireBuyPromoteDonateBlack
Source: BusinessInsider - 🏆 729. / 51 Read more »