Retail traders are retreating from the ASX
The army of day traders that stormed the Australian sharemarket during the pandemic is showing signs of fatigue, but could mount a comeback in 2024 if the Reserve Bank starts cutting interest rates.
Morgan Stanley’s equity strategists, who have closely tracked the activity of retail trading, said December’s data revealed a further decline in the share of market trading volumes accounted for retail traders, also known as day traders.
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