Investing
Retail Trader Army Is Signaling Retreat on Latest Stimulus Wave
- Declines of Reddit favorites signal fading speculative force
- Falling popularity of the Robinhood app is among the signs
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From bullish options to basketball trading cards, the multibillion-dollar retail frenzy is showing signs of fading.
Just as $1,400 stimulus checks arrive all across the U.S., day-trader favorites are losing steam, stirring speculation that the army of individual investors who disrupted markets over the past year have opted to spend the cash on plane tickets and restaurants rather than their trading apps.