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Analysis: Retail traders position for volatility after U.S. election
November 3, 2020 6:12 AM ESTBy John McCrank and Imani Moise
NEW YORK (Reuters) - Retail investors have been a growing force in 2020, exploding in numbers during lockdowns and helping fuel the rebound in stocks from pandemic-driven lows. Now, as election-related volatility spikes, this new cohort sees opportunities.
Day traders are tapping resources online and in virtual communities to position themselves for what could be a bumpy ride depending on how long it takes to resolve Election Day uncertainties.
In the past year, traditional online brokerages like Charles Schwab Corp (NYSE: SCHW) and Fidelity joined... More
