At the end of last year, Nasdaq retail data suggests retail trading reached $70 billion a day as markets rotated out of crypto and software stocks and into value stocks. But in the past few weeks, as the conflict in Iran started, data shows retail trading has fallen significantly.
Amid the conflict, ETF activity has increased, as ETFs are a natural way to play a macro event. However, retail saw reduced ETF activity, which fell by around $5 billion per day.
Single-stock retail trading tumbled even more - below $35 billion a day. Data shows that retail traders were sellers of single stocks every single day in March. As a result, March saw net selling of over $15 billion.
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By Phil Mackintosh, Nasdaq Chief Economist
Since late 2024, retail traders have become even more active than they were in the years following the pandemic. At the end of last year, our retail data suggests retail trading
