Net selling
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Schwab Trading Activity Index™ (STAX) Score Dips Slightly in December, Ending Upward Trend
Retail investors, as measured by Schwab’s STAX, became net sellers in December, ending a period of outperforming the S&P 500. This shift was attributed to typical year-end portfolio adjustments, with modest overall volume. Technology and Consumer Discretionary sectors saw the most net selling. Despite market highs, retail trading focused on selling into strength and buying dips. Popular buys included Netflix and NVIDIA, while Tesla and Palantir were among the most sold.
