Schwab Trading Activity Index™: STAX Score Drops in April as Retail Clients Cut Tech Exposure
The Schwab Trading Activity Index (STAX) fell to 50.10 in April from 56.04 in March, marking the largest monthly decline in a year as retail clients reduced exposure to the technology sector. Head Trading and Derivatives Strategist Joe Mazzola noted the shift reflects a dip in sentiment, with clients rotating out of higher-beta holdings into lower-beta ETFs despite a broader market rebound.
Key figures
- Stax score april
- 50.1
- Stax score march
- 56.04
- March payroll growth
- 178000
- Sox index rise percent
- 47%
AI analysis
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AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.