Schwab STAX rises to 58.92 in September as retail investors step up buying
SCHW•Schwab’s STAX retail trading index rose to 58.92 in September from 57.50 in August. ETF buying increased, while a client survey showed bullishness fell to 17% and bearishness rose to 50% for October.
1. Trading index rises
Schwab’s STAX retail trading index increased to 58.92 in September from 57.50 in August, signaling firmer risk appetite. ETFs accounted for five of the top 10 purchases.
2. October sentiment cools
A client survey showed bullishness fell to 17% from 22%, while bearishness rose to 50% from 38%. The brief also said inflation anxiety persisted as the Federal Reserve raised rates by 25 basis points, Treasury yields climbed, and investors weighed another rate hike.
