The Charles Schwab Corporation released its Monthly Activity Report for October 2024 on November 14, 2024. The Schwab Trading Activity Index (STAX) increased to 48.37 in October, up from 47.10 in September.
Schwab clients were net buyers of equities overall during October, but on a dollar basis, they continued to rotate out of individual equities and into ETFs, mutual funds, and fixed income securities. This suggests a continued trend towards diversification and de-risking.
Total client assets stood at $9.92 trillion as of September 30, 2024. The report highlights ongoing client engagement amidst a mixed earnings season and leadership rotation in market trends.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.