Here is a graph of the STAX Schwab Trading Activity Index Over Time, from January 2019 through Today.
Note that even with the markets at record highs last week, the STAX remains closer to a 6-year low than a 6-year high.
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US Stock Markets (Log Scale) vs. Fed Funds Rate
II Sentiment: Investors Intelligence Bulls / (Bulls+Bears) & S&P 500 Weekly
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