Stocks are significantly higher than where they were in mid-March. Many experts have been scratching their heads wondering who is investing right now. It appears that many individual traders have been buying up stocks in recent months.
The economy and corporate profits are in free fall because of the Covid-19 outbreak. So is the market being propped up by the Federal Reserve -- which is now buying ETFs -- and big mutual funds, hedge funds and other institutional investors hunting for bargains?Not exactly. It appears that many individual traders have been buying up stocks in recent months, including risky bankrupt firms as well as the FAANG tech giants.
After he and his staff looked more closely at trends on Robinhood, Holmes found that many younger investors were buying the ETF after a huge dip."More millennials are working from home more and actively trading," Holmes said, adding that airline stocks might be a popular"buy what you know" trade for younger people who like to travel and spend on experiences.
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