Here’s the main reason Robinhood traders have been able to push stocks higher — and, no, it isn’t by squeezing hedge funds

Here’s the main reason Robinhood traders have been able to push stocks higher — and, no, it isn’t by squeezing hedge funds
Spread the love

With the broader stock-market indexes in a bit of a coma this week, the talk of financial markets is still the awakening of retail investors to the U.S. stock market.

Global equities saw the largest weekly inflow of money ever, of $5.8 billion, Bank of America said, citing EPFR Global data. Not all of that money is from day traders, of course, but it’s a sign of the frenzy. Michael Every, global strategist at Dutch bank Rabobank, poses an interesting question. “You only see how stable a system really is by logically pushing it to its limits, which we are doing on multiple fronts,” he says. “How will it work if 50% of people decide to day-trade central bank liquidity for a free ride to prosperity,” he asks. “Obviously someone needs to cook and deliver pizzas to…



Original Author

Please follow and like us:
editor

editor

Live Updates COVID-19 CASES
RSS
Follow by Email