TSLA - Investor Movement Index unchanged in March against backdrop of banking angst

2023-04-10 08:30:54 ET

Against a backdrop of turmoil in the banking sector, the TD Ameritrade Investor Movement Index stayed at 4.57 in March, ranking "moderate low" for the five-week period ended March 31, 2023 compared with historic averages.

"March was full of surprises, but the overall impact among TD Ameritrade retail clients when it came to exposure to the markets was neutral," said Lorraine Gavican-Kerr, managing director, Investor Education at TD Ameritrade. "For the second month in a row, our clients were net buyers of equities, seemingly eyeing an opportunity into the Financial sector's lows and to sell off the highs in Information Technology."

The S&P 500 closed the period at 4109.31, up 3.51% and the Cboe Market Volitility Index, or VIX, ended near its lows for the year of 18.70. The U.S. Treasury markets were volatile as a result of the banking stresses, with 10-year yields touching as high as 4.1% and as low as 3.3% before finishing the month at 3.5%.

During March, TD Ameritrade were net buybers of equities, with popular names including Tesla ( TSLA ), Rivian Automotive ( RIVN ), Ford Motor ( F ), First Republic Bank ( FRC ), and Amazon.com ( AMZN ).

Names net sold in the month included: Meta Platforms ( META ), Nvidia ( NVDA ), Advanced Micro Devices ( AMD ), Intel ( INTC ), and Apple ( AAPL ).

In the last week of March, investors pumped $61B into money market funds after injecting $115B in the previous week, according to Refinitiv Lipper.

For further details see: