The Schwab Trading Activity Index Increased To 61.94 In October, Up From Its Score Of 58.92 In September

Communication Services, Information Technology and Industrials were Schwab clients’ only net-bought sectors in October as clients returned to individual stock picking

Key Takeaways:

• The Schwab Trading Activity Index™ (STAX) increased to 61.94 in October, up from its score of 58.92 in September.
• Schwab clients favored Information Technology stocks, "buying the dip" and gravitating back towards individual stocks after having favored ETFs in September.
• A recent client survey indicates investor sentiment is likely to hold steady when it comes to buying equities in November, although bullishness among active traders shows signs of softening.

The Schwab Trading Activity Index™ (STAX) increased to 61.94 in October, up from its score of 58.92 in September. The only index of its kind, the STAX is a proprietary, behavior-based index that analyzes retail investor stock positions and trading activity from Schwab’s millions of client accounts to illuminate what investors were actually doing and how they were positioned in the markets each month.