No, Robinhood Traders Aren’t Affecting the Stock Market

The millions of new Robinhood stock traders aren’t moving the markets as much as people think

Nick Maggiulli
Marker
Published in
8 min readAug 17, 2020

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Photo: Jim Watson/Getty Images

There is a force that is moving the stock market. No, it’s not the Fed. It’s not the hedge funds. It’s an army of day traders numbering in the hundreds of thousands. At least, that is what some of the headlines…

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Nick Maggiulli
Marker

Financial Blogger at OfDollarsAndData.com. Full Disclosure: Not investment advice. See OfDollarsAndData.com/Terms for full disclaimer.