Robinhood Is Not Moving The Entire Stock Market
Robinhood and its users have been getting a lot of attention, as analysts and large investors point to the rise of retail investment now that people are stuck at home, and sports and gambling are largely grounded. Robinhood boasts a staggering 13 million accounts, but a great many of those accounts are used by younger people. Younger people don't have much money. It's a great thing to see younger investors learning how things work, but relative to the scale of capital in the stock market, Robinhood's user base is inconsequential.
More than anything, the trades are drawing attention because of how concentrated they are in battered stocks.
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Source Fool.com
