Bubble Deflation? Retail Trading Drops By 5-10% In April

Retail investors pulled away from the market this month, even though April is usually a seasonally strong month because earnings reports drive trade activity. This drop in trade volume could reflect a more cautious mood from individual investors who dove into the market at the beginning of the year and in many cases got burnt by corrections over the last quarter. “Retail trading activity slowed in April from the torrid pace to start the year with TD Ameritrade Holding Corp. (NYSE:AMTD) and E TRADE Financial Corporation (NASDAQ:ETFC) reporting that DARTs were running down 4% and 10% m/m respectively through April 23,” writes…