Schwab Trading Activity Index™: Score Moves Slightly Higher During the July Period, Remaining at Moderate Levels
Schwab clients were net buyers in July, increasing their exposure to technology-related names associated with semiconductors, cloud computing and the Consumer Discretionary sector
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Schwab Trading Activity Index
The reading for the four-week period ending
“The July STAX period ended with
The CBOE Volatility Index (VIX) spiked by as much as 55% during the period and closed 31.75% higher at 16.39; levels not seen since April. Additionally, on
On
The 10-year
Popular names bought by Schwab clients during the period included:
- NVIDIA Corp. (NVDA)
- Chipotle Mexican Grill Inc. (CMG)
- Broadcom Inc. (AVGO)
- Amazon.com Inc. (AMZN)
- Alphabet Inc. (GOOG/GOOGL)
Names net sold by Schwab clients during the period included:
- Tesla Inc. (TSLA)
- AT&T Inc. (T)
- Palo Alto Networks Inc. (PANW)
- Exxon Mobil (XOM)
- Boeing (BA)
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 millions 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.
About
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0824-HA04
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At the Company
Director, Corporate Communications
(203) 434-2240
margaret.farrell@schwab.com
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