9/24/2023 0 Comments Robinhood app downScores of people signed up for brokerage accounts during the GameStop saga, in which retail traders banded together to bet against hedge funds, and that kind of thing can’t be expected to take place every month. Robinhood CFO Jason Warnick said retail trading tends to be softer in the third quarter. That momentum may be waning, at least for now. Some wondered if the equity market’s swoon at the onset of the pandemic was a chance to buy shares on the cheap. Sports betting dried up, but stocks and crypto markets were still available. Lockdowns came into force in many countries, and some people had time and extra money on their hands. That surge got a boost as Covid-19 spread. Retail trading has been gaining momentum since late 2019, as trading apps proliferated and a price war between brokerages stomped out commissions.
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