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Millennial Enthusiasm for Stocks at Record High, Index Shows

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Millennials are even more bullish than all other groups of investors about the market rally that’s seen U.S. stocks hit record highs this year — and that enthusiasm intensified in July.

According to data provided to NerdWallet by TD Ameritrade, as the Standard & Poor’s 500 index inched within 25 points of 2,500 last month, millennials — those born between 1981 and 1998 — who hold accounts with the brokerage firm bought more stocks than they sold. That behavior is consistent with TD Ameritrade’s broader population of investors, but millennials were more aggressive in increasing their market exposure.

According to TD Ameritrade’s Investor Movement Index (IMX), a metric the broker has used since 2013 to gauge investors’ attitudes based...

Continue reading on www.nerdwallet.com

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