{"id":525485,"date":"2021-08-09T12:33:07","date_gmt":"2021-08-09T16:33:07","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/td-ameritrade-investor-movement-index-imx-trends-lower-in-july-after-hitting-record-in-june\/"},"modified":"2021-08-09T12:33:07","modified_gmt":"2021-08-09T16:33:07","slug":"td-ameritrade-investor-movement-index-imx-trends-lower-in-july-after-hitting-record-in-june","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/td-ameritrade-investor-movement-index-imx-trends-lower-in-july-after-hitting-record-in-june\/","title":{"rendered":"TD Ameritrade Investor Movement Index: IMX Trends Lower in July After Hitting Record in June"},"content":{"rendered":"

<\/p>\n

TD Ameritrade Investor Movement Index: IMX Trends Lower in July After Hitting Record in June <\/b><\/p>\n

IMX dips 8% in July as volatility among major names cools<\/i><\/p>\n

OMAHA, Neb.–(BUSINESS WIRE<\/a>)–
\nThe Investor Movement Index<\/a>\u00ae<\/sup> (IMXSM<\/sup>) moved lower to 8.34 in July, down 8% from a record 9.08 in June. The IMX is TD Ameritrade\u2019s 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.<\/p>\n

This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20210809005045\/en\/<\/a><\/p>\n

\"TD<\/p>\n

TD Ameritrade July 2021 Investor Movement Index (Graphic: TD Ameritrade)<\/p>\n<\/div>\n

\nThe reading for the five-week period ending July 30, 2021 ranks \u201cHigh\u201d compared to historic averages.\n<\/p>\n

\n\u201cMajor indices hit record highs again in July and the vast majority of earnings reports to date have beaten expectations, calming some fears we had at the start of earnings season and adding some calm after the volatility we saw mid month,\u201d said JJ Kinahan, chief market strategist, TD Ameritrade. \u201cThere are two major fears at the moment and that is the Delta variant spread worldwide and of course, the big wild card remains the Fed – its wait-for-the-numbers approach to monetary policy changes is adding uncertainty to the market.\u201d\n<\/p>\n

\nEquity markets moved higher during the period. All three major equity indices reached record levels, and the Dow Jones Industrial Average hit 35,000 for the first time. The S&P 500 had the best month, increasing 2.7%. The Dow Jones Industrial Average increased 1.5%, while the Nasdaq Composite moved higher by 2.2%. Markets shrugged off concerns of the ongoing COVID pandemic, which continued to cause economic worries as Delta variant cases surged during July. U.S. GDP growth reached an annualized rate of 6.5% in the second quarter, missing estimates of 8.5%, but the size of the economy now exceeds its prepandemic level. The Federal Reserve indicated that the economy has made progress toward its employment and inflation targets and hinted that it could begin to reduce monthly asset purchases later this year, while committing to continually assess progress in future meetings.\n<\/p>\n

\nTD Ameritrade clients were net buyers overall during the July IMX period. Some of the popular equity names bought during the period were:\n<\/p>\n