Markets
Retail traders leave Wall Street for dust in 2020 stocks rally
- Online trading platforms have reported a retail rush since the COVID-19 pandemic hit markets in March, with near-zero interest rates and a roaring rebound luring a new generation of stuck-at-home traders wanting to sharpen their skills on stocks.
LONDON: Retail traders have ridden 2020’s stock market rally better than the professionals, with their most popular picks outperforming market indexes and well-resourced investors such as hedge funds.
Online trading platforms have reported a retail rush since the COVID-19 pandemic hit markets in March, with near-zero interest rates and a roaring rebound luring a new generation of stuck-at-home traders wanting to sharpen their skills on stocks.
And while the scramble into fast-growing but highly-valued stocks has echoes of the 2000 dotcom bubble, plentiful cheap cash means retail traders do not yet look ready to cash in.
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