Bullish outlook for markets? “The longer the rally goes on, the more savage the reality check will be,” said Jeffrey Halley, a senior market analyst for Asia-Pacific at Oanda Asia Pacific Pte Ltd.
DIRT cheap, automated on apps and championed by newbie traders who brandish their broker balances on Twitter, the stuck-at-home trading phenomenon, born in the USA, has become a global craze.
Retail’s tentacles are everywhere. In the UK, tax-free savings account openings at Interactive Investor jumped 238% for investors between 25 and 34 years of age in April and May. In India, newly minted day traders are crowing after falling in love with stocks that trade below 7 US cents apiece and riding most of them straight up.
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