TD Ameritrade Investor Movement Index: IMX Rises Slightly in August
September 07 2021 - 12:30PM
Business Wire
IMX trends slightly higher after all major
indices set new records in August
The Investor Movement Index® (IMXSM) moved higher to 8.38 in
August, up from 8.34 in July. 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 August 2021 Investor
Movement Index (Graphic: TD Ameritrade)
The reading for the five-week period ending August 27, 2021
ranks “High” compared to historic averages.
“We’ve seen all the major indices hit new highs as the markets
had their seventh-straight winning month, which has created quite a
positive environment,” said JJ Kinahan, chief market strategist, TD
Ameritrade. “With economic data, the Delta variant, changing
geopolitics and inflation fears sending mixed messages, investors
should remain watchful as we head into September, which has a
reputation for being one of the most volatile months of the
year.”
Equity markets moved higher during the August timeframe. All
three major equity indices set new all-time highs, with the S&P
500 notching seven months of consecutive gains, reaching record
levels, and the Dow Jones Industrial Average hit 35,000 for the
first time ever. The Nasdaq 100 had its best month, increasing
4.16%. The Dow Jones Industrial Average increased 1.21%, while the
S&P 500 moved higher by 2.6%. Markets were quick to move past a
mid-month pullback as the Federal Reserve minutes from the July
FOMC meeting pointed towards scaling back asset purchases in the
months to come. This was likely driven by economic data coming in
below expectations for many indicators, potentially giving the FOMC
room to hold off on tightening monetary policy at their September
meeting.
TD Ameritrade clients were net buyers of products overall during
the August IMX period, but were net sellers of equities while being
net buyers of those assets considered to be less risky, including
fixed income. Some of the popular equity names bought during the
period were:
- Apple Inc. (AAPL)
- Ford Motor Co. (F)
- Nvidia Corp. (NVDA)
- Microsoft Corp (MSFT)
- SoFi Technologies Inc. (SOFI)
- General Motors (GM)
TD Ameritrade clients took advantage of rising prices to sell
some equities during the period, including:
- Tesla Inc. (TSLA)
- Netflix Inc. (NFLX)
- Advanced Micro Devices Inc. (AMD)
- Chewy Inc. (CHWY)
- Bank of America Inc. (BAC)
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 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 August 2021; 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 thinkorswim Mobile 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
TD Ameritrade provides investing services and education to
self-directed investors and registered investment advisors. A
leader in U.S. retail trading, we leverage the latest in cutting
edge technologies and one-on-one client care to help our clients
stay on top of market trends. Learn more by visiting
www.amtd.com.
Brokerage services provided by TD Ameritrade, Inc., member FINRA
(www.FINRA.org) / SIPC (www.SIPC.org), a subsidiary of The Charles
Schwab Corporation. TD Ameritrade is a trademark jointly owned by
TD Ameritrade IP Company, Inc. and The Toronto-Dominion Bank. ©
2021 Charles Schwab & Co. Inc. All rights reserved.
Source: TD Ameritrade, Inc.
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At the Company Alyson Nikulicz
Corporate Communications (201) 755-4116
alyson.nikulicz@tdameritrade.com
TD Ameritrade (NASDAQ:AMTD)
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