Key Takeaways:

  • The Schwab Trading Activity Index™ (STAX) increased to 59.12 in June, up from its score of 55.08 in May.
  • Buying pressure was steady throughout June, and the STAX rose every week of the period after retreating slightly at the start of the month.
  • At the sector level, Information Technology led the net-buy list in June, similarly to May, followed by Communication Services and Consumer Discretionary. Financials, Health Care and Consumer Staples were net-sold.

The Schwab Trading Activity Index™ (STAX) increased to 59.12 in June, up 7.33% from its score of 55.08 in May. 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’s millions of client accounts to illuminate what investors were actually doing and how they were positioned in the markets each month.