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The next wave of stimulus will drive another surge of retail investing in the stock market, Bank of America says
The next wave of stimulus will drive another surge of retail investing in the stock market, Bank of America says
Emily GraffeoFeb 17, 2021, 01:02 IST
Robinhood is hugely popular among day traders, putting it at the center of the GameStop frenzyJustin Sullivan/Getty Images
The next round of stimulus aid will drive another surge of
retail investing, Bank of America said.
BofA data shows the last two spikes in trading app downloads coincided with the receipt of stimulus checks.
A more broad-based stimulus will lead to a higher uptick of retail-investing, added BofA.