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.
skleb1234 Of course not. That's because every time the stock market rallies or crashes, RobinhoodApp goes down.
skleb1234 The market is bigger than Robin
skleb1234 Due to zero commissions, there is no doubt that the market is so full of gamblers-like people !
skleb1234 This doesn’t make sense, second wave fears I’m told. One app can’t make that much of an impact. Release a vaccine see Markets jump.
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