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‘It’s Like Gambling’: Tiny Investors Win Big in Stock Recovery

  • Brokerages saw record account openings in the first quarter
  • ‘Fear has turned to greed’ for retail, AssetMark’s Thomas says
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Back on March 23, it seemed like stocks would never stop falling. Congress was struggling to pass stimulus, coronavirus cases were climbing, futures were pinned to their bottommost tick and $10 trillion in value had vanished.

Meanwhile in Northern Virginia, Nicole Kelleher was opening her very first brokerage account. Little did she know, the S&P 500 was about to surge 30%.