Retail Investors Piled in Just Before Stock Rally Fizzled: Chart
(Bloomberg) -- Retail investors jumped head first into last month’s market rally -- just in time to get burned by a correction. E*Trade Financial Corp. added 64,581 gross new brokerage accounts in January, according to a company statement. That’s the most in a month since September 2016 and came as the S&P 500 Index capped a 19 percent annual gain.
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