TD Ameritrade Investor Movement Index: IMX Begins 2020 on High Note
February 10 2020 - 12:30PM
Business Wire
The January IMX rose to its highest score since
October 2018
The Investor Movement Index® (IMXSM) increased to 5.68 in
January, up 2.34 percent from its December score of 5.55. The IMX
is TD Ameritrade’s proprietary, behavior-based index, aggregating
Main Street investor positions and activity to measure what
investors actually were doing and how they were positioned in the
markets.
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TD Ameritrade Jan. 2020 Investor Movement
Index (Graphic: TD Ameritrade)
Though the January IMX score reached its highest point in 15
months, the reading is considered “Middle” range compared to
historic averages.
“Equity markets reached all-time highs midmonth and investors
responded by increasing exposure to U.S. markets, ending the period
as net buyers of equities,” said JJ Kinahan, chief market
strategist at TD Ameritrade. “January ended with some uncertainty,
so we’ll be watching closely to see how global health concerns over
coronavirus impact the markets.”
In January, the S&P 500 crossed 3,300 for the first time,
while the Dow Jones Industrial Average breached 29,000. Returns for
the three major equity indices were mixed during the period; the
S&P 500 and Dow were both down by less than one percent, while
the Nasdaq Composite increased 1.6 percent. Gains early in the
period were helped by the U.S. and China signing a deal to ease
trade tensions and solid economic data. Volatility picked up as the
coronavirus outbreak amplified as the World Health Organization
declared it a global public health emergency.
Retail investors at TD Ameritrade net bought popular names
during the January IMX period, including:
- Microsoft Inc. (MSFT)
- Apple Inc. (AAPL)
- Boeing Co. (BA)
- Advanced Micro Devices Inc. (AMD)
TD Ameritrade clients also used record highs to net sell some
popular names, including:
- Amazon Inc. (AMZN)
- Netflix Inc. (NFLX)
- Twitter Inc. (TWTR)
- Intel Corp. (INTC)
Millennial Buys & Sells In January, there were some
key differences in the stocks TD Ameritrade’s millennial clients
net bought when compared to the total population. Millennials net
bought Exxon Mobil Corp. (XOM) and Uber Inc. (UBER).
When it came to net sold stocks, millennials differed from the
total client population with Micron Technology Inc. (MU), Fitbit
Inc. (FIT) and Tesla Inc. (TSLA).
About the IMX The IMX value is calculated based on a
complex proprietary formula. Each month, TD Ameritrade pulls a
sample from its client base of more than 12 million funded
accounts, which includes all 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 IMX. For more
information on the Investor Movement Index, including historical
IMX data going back to January 2010; to view the full report from
January 2020; or to sign up for future IMX news alerts, please
visit www.tdameritrade.com/IMX. Additionally, TD Ameritrade clients
can chart the IMX using the symbol $IMX in either the thinkorswim®
or TD Ameritrade Mobile Trader platforms.
Inclusion of specific security names in this commentary does not
constitute a recommendation from TD Ameritrade to buy, sell, or
hold. All investments involve risk including the possible loss of
principal. Please consider all risks and objectives before
investing.
Past performance of a security, strategy, or index is no
guarantee of future results or investment success. 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 IMX is not a tradable index. The IMX should not be used as
an indicator or predictor of future client trading volume or
financial performance for TD Ameritrade.
About TD Ameritrade Holding Corporation TD Ameritrade
provides investing services and education to approximately 12
million client accounts totaling approximately $1.4 trillion in
assets, and custodial services to more than 7,000 registered
investment advisors. We are a leader in U.S. retail trading,
executing an average of approximately 1 million trades per day for
our clients, more than a quarter of which come from mobile devices.
We have a proud history of innovation, dating back to our start in
1975, and today our team of nearly 10,000-strong is committed to
carrying it forward. Together, we are leveraging the latest in
cutting edge technologies and one-on-one client care to transform
lives, and investing, for the better. Learn more by visiting TD
Ameritrade’s newsroom at www.amtd.com, or read our stories at Fresh
Accounts.
Brokerage services provided by TD Ameritrade, Inc., member FINRA
(www.FINRA.org) / SIPC (www.SIPC.org)
Source: TD Ameritrade Holding Corporation
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version on businesswire.com: https://www.businesswire.com/news/home/20200210005133/en/
Cassie Burica Specialist II, Corporate Communications (773)
435-3215 cassie.burica@tdameritrade.com
Jeff Goeser Managing Director, Investor Relations (402) 597-8464
jeffrey.goeser@tdameritrade.com
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