Market Overview

USA TD Ameritrade's Investor Movement Index for Aug 5.16 vs 4.87 Prior

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TD Ameritrade clients increased equity market exposure in August, continuing a pattern of advancing exposure on market dips and rolling back exposure when equity markets were trading at record levels.

After it had dipped in July, the IMX bounced higher in August, to 5.16. Clients seemed to anticipate a pullback, as they were net sellers of most market sectors in July even as the market continued to rise. When the S&P 500 fell almost 5% from a record high early in the month, our clients treated the dip as a buying opportunity and ramped up their equity market exposure. This was reflected in the IMX - it increased back above June 2013 levels.

TD Ameritrade clients continued to accumulate Tesla Motors (NASDAQ: TSLA), as the stock gained 26% month over month and traded at record levels. Ford Motor Company (NYSE: F) was also accumulated by clients as the stock price dipped in August. Clients were net buyers of some basic materials companies that declined in August including BP (NYSE: BP), Kinder Morgan Energy Partners (NYSE: KMP), and Potash Corp (NYSE: POT).

Additional popular names bought included: Google (NASDAQ: GOOG), Berkshire Hathaway (NYSE: BRK/B), Coca Cola, and 3D systems (NYSE: DDD).

Clients were net sellers of some financial names including Bank of America (NYSE: BAC) and Goldman Sachs (NYSE: GS). Both Apple Inc (NASDAQ: AAPL) and Facebook (NASDAQ: FB) continue to be widely held, but our clients were net sellers of both names in August as their stock prices rose.

Additional popular names sold included: Chesapeake Energy Corp (NYSE: CHK), Merck & Co Inc (NYSE: MRK), and Qualcomm Inc. (NASDAQ: QCOM)

Posted-In: News Econ #s Economics


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