Retail Investing Peaks In 2023: How Small-Time Trading Matured From Meme Stock Frenzy
Portfolio Pulse from Natan Ponieman
Retail investing has surged in 2023, with a significant number of new brokerage accounts opened since 2020. Despite a drop in users for platforms like Robinhood, many investors have moved to brokers like Fidelity and Charles Schwab. Retail trading volume hit a record $1.51 billion daily in February 2023. Public's data shows retail investors diversifying into ETFs and fixed-income assets, with ProShares UltraPro Short QQQ ETF, ProShares UltraPro QQQ, and SPDR S&P 500 ETF Trust being the top traded ETFs.
December 12, 2023 | 7:20 pm
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POSITIVE IMPACT
Charles Schwab Corporation has attracted young investors from platforms like Robinhood, benefiting from the increased retail trading activity.
The migration of young investors to Charles Schwab indicates potential growth for the company, especially with the overall increase in retail trading activity.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
SPDR S&P 500 ETF Trust is one of the top three ETFs by trading volume, indicating strong interest from retail investors.
The high trading volume of SPY suggests strong retail investor interest, which could lead to increased demand and potentially higher prices for the ETF in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
ProShares UltraPro Short QQQ ETF is among the most traded ETFs, reflecting a trend in retail investor behavior towards diversification.
SQQQ's position as a top traded ETF indicates a shift in retail investor sentiment towards diversification, which could positively impact its trading volume and price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
ProShares UltraPro QQQ is a top traded ETF, benefiting from the diversification trend among retail investors.
The popularity of TQQQ among retail investors, as evidenced by its trading volume, suggests a positive impact on its demand and potential price increase in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Robinhood Markets Inc lost a significant user base between 2021 and 2022, but retail investing is on the rise in 2023.
Robinhood's loss of users may be offset by the general increase in retail investing, but the impact is uncertain due to the lack of specific data on user retention or growth in 2023.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60