Investor Movement Index Dips Amid Market Highs

December 5, 2016 | Kendra Galante

TD Ameritrade clients were net sellers of equities in November and the Investor Movement Index fell 5.15 percent to a score of 5.53 as markets reached new highs.

Implied volatility of the S&P 500 as measured by the CBOE Volatility Index (VIX) rose in November prior to the U.S. Presidential election but subsided quickly afterward. A slight uptick in actual volatility of the S&P 500 during the same period helped to reduce the relative volatility of many widely held names in TD Ameritrade accounts, like Apple Inc. (AAPL). Net selling also helped to lower exposure to the equity markets within client accounts, reducing the Investor Movement Index reading.

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