Jason Goepfert

6-12-2020 at 5:32 pm

Daily Report : Household equity holdings plunge, but remain too high; Robinhood traders make big bets on a decline

In the first quarter, the value of equities plunged relative to other household assets and the size of the economy (GDP). It was among the largest drops on record. Even so, equity holdings remain historically high. Pension funds are woefully underexposed to equities, while their allocation to bonds skyrocketed.; Users of the Robinhood platform used Thursday's carnage to make big bets against more declines in stocks. Users holding leveraged short ETFs exploded by more than 13%, a decent sign of a massive shift in sentiment.

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