Schwab Trading Activity Index™: Score Rises Modestly Amid New-Year Rally
Schwab clients were net buyers in January, with the most pronounced buying within the Consumer Discretionary, Energy and Health Care sectors
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Schwab Trading Activity Index
The reading for the four-week period ending
“Schwab’s clients were net buyers of equities in January,” said
During the January STAX period, the S&P 500 (SPX) continued to reach new heights, with a rise of 2.54% to close at 4890.97. The CBOE Volatility Index (VIX) inched higher from 12.45 to 13.26, reflecting an increase in risk premium, though it remained low by historical measures. The 10-year
Popular names bought by Schwab clients during the period included:
- Tesla Inc. (TSLA)
- NVIDIA Corp. (NVDA)
- Amazon.com Inc. (AMZN)
- Microsoft Corp. (MSFT)
- Advanced Micro Devices (AMD)
Names net sold by Schwab clients during the period included:
- Bank of America Corp. (BAC)
- Walmart Inc. (WMT)
- General Motors Co. (GM)
- Carnival Corp. (CCL)
- Warner Bros. Discovery Inc. (WBD)
About the STAX
The STAX value is calculated based on a complex proprietary formula. Each month, Schwab pulls a sample from its client base of funded accounts, which includes accounts that completed a trade in the past month. The holdings and positions of this statistically significant sample are evaluated to calculate individual scores, and the median of those scores represents the monthly STAX.
For more information on the Schwab Trading Activity Index, please visit www.schwab.com/investment-research/stax. Additionally, Schwab clients can chart the STAX using the symbol $STAX in either the thinkorswim® or thinkorswim Mobile platforms.
Investing involves risk, including loss of principal. Past performance is no guarantee of future results.
Content intended for educational/informational purposes only. Not investment advice, or a recommendation of any security, strategy, or account type.
Historical data should not be used alone when making investment decisions. Please consult other sources of information and consider your individual financial position and goals before making an independent investment decision.
The STAX is not a tradable index. The STAX should not be used as an indicator or predictor of future client trading volume or financial performance for Schwab. STAX data includes that from accounts of
About Charles Schwab
At Charles Schwab, we believe in the power of investing to help individuals create a better tomorrow. We have a history of challenging the status quo in our industry, innovating in ways that benefit investors and the advisors and employers who serve them, and championing our clients’ goals with passion and integrity.
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At the Company
Director, Corporate Communications
(203) 434-2240
margaret.farrell@schwab.com
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