{"id":917443,"date":"2025-12-08T12:33:03","date_gmt":"2025-12-08T17:33:03","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/schwab-trading-activity-index-stax-score-continues-upswing-for-sixth-consecutive-month\/"},"modified":"2025-12-08T12:33:03","modified_gmt":"2025-12-08T17:33:03","slug":"schwab-trading-activity-index-stax-score-continues-upswing-for-sixth-consecutive-month","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/schwab-trading-activity-index-stax-score-continues-upswing-for-sixth-consecutive-month\/","title":{"rendered":"Schwab Trading Activity Index\u2122: STAX Score Continues Upswing for Sixth Consecutive Month"},"content":{"rendered":"

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Schwab Trading Activity Index\u2122: STAX Score Continues Upswing for Sixth Consecutive Month<\/b><\/p>\n

Schwab clients were net buyers of equities in November, continuing three-month streak of outpacing the S&P 500\u00ae index (SPX)<\/i><\/p>\n

WESTLAKE, Texas–(BUSINESS WIRE<\/a>)–
\nThe Schwab Trading Activity Index\u2122 (STAX) increased to 48.75 in November, up from its score of 48.12 in October. The only index of its kind, the STAX is a proprietary, behavior-based index that analyzes retail investor stock positions and trading activity from Schwab\u2019s millions of client accounts to illuminate what investors were actually doing and how they were positioned in the markets each month.\n<\/p>\n

This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20251208229419\/en\/<\/a><\/p>\n

\n\u201c\u2019Buy the dip and sell the rip\u2019 continues to be something of a rallying cry this year for retail investors at Schwab, who took opportunities in November to sell into strength and pick up mega-cap stocks that experienced pullbacks,\u201d said Joe Mazzola, Head Trading and Derivatives Strategist at Charles Schwab. \u201cThe degree to which clients net-bought in November was significant \u2013 in the top-third of all STAX periods to date.\u201d\n<\/p>\n

\nThe STAX outpaced the S&P 500\u00ae index (SPX) for the third-straight month though notably the S&P 500 rose by only about 0.1%. The score hit its highest mark since February of this year, but net-buying peaked around mid-month and fell the rest of the way, posting its softest reading in the final week of November when the S&P 500 index rose nearly 4%. That downward trend for STAX in late November ended a four-month streak in which the highest STAX weekly score occurred in the final week.\n<\/p>\n

\nAt the sector level, only two of the eleven saw net-buying from Schwab clients during November: Information Technology and Consumer Discretionary. The biggest net-sell sectors were Communication Services, Health Care, and Energy, bucking Wall Street trends.\n<\/p>\n

\nThe government shutdown that began in October and continued into November meant investors had to rely on private sector labor market data, all of which showed slowing economic and consumer sentiment. Major indexes spent much of November losing ground amid weakness in Magnificent Seven names and cryptocurrencies, hurt partly by falling hopes for a December rate cut by the Federal Reserve. However, the market got a significant boost toward the end of the month when New York Federal Reserve President John Williams signaled a preference for a rate cut in December, bringing the likelihood of a cut from a low of 40% into the high-80s according to the CME FedWatch Tool.\n<\/p>\n

\nAs in October, the most aggressively positioned investors tracked by Schwab during November again belonged to Generation X, born between 1965 and 1980. Among the least aggressive was Generation Z, born between 1997 and 2012.\n<\/p>\n

\nPopular names bought by Schwab clients during the period included:\n<\/p>\n