Barclays analyzed Robinhood customer holdings and compared them to daily market returns and concluded that there's “no clear relationship” between retail investors adding shares and S&P 500 index moves.
The idea that new investors using zero-cost brokerage firms like Robinhood were driving up the market has become a popular narrative on Wall Street.
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:
How much is hust Poppy Worth
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Robinhood traders are not behind the market's recent rally, Barclays says - 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.
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 »
Stocks in Europe skid as reversal from rally continuesEuropean stocks slumped Thursday in early trade, losing ground for a fourth session as traders looked for a new catalyst after the breathtaking rally from... And will be back up again in a few days. Drama news
Source: MarketWatch - 🏆 3. / 97 Read more »