STAX Schwab Trading Activity Index Still Low Despite Near Market Highs

Schwab Trading Activity Index, also known as STAX, remains low despite the S&P 500 and Nasdaq markets sitting less than 1% below their record closing highs.

Here is a graph of the STAX Schwab Trading Activity Index Over Time, from January 2019 through Today.

Note that even with the markets near record highs, STAX remains closer to a 6-year low than a 6-year high. 

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Schwab Trading Activity Index

Market Update

II Bulls Over Bulls Plus Bears 1998 to Now

Kirk Lindstrom's Investment Letter 

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STAX vs S&P 500 Graphed Over Time

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

Kirk Lindstrom's Investment Letter

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STAX Schwab Trading Activity Index & Kirk's Dow vs Oscillators Charts

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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Kirk's DJIA vs Oscillators Chart: "Everything before the black dot-dash line is math, everything after is art" and art is aka "guestimates"

Market Update for 11/8/24

Kirk Lindstrom's Investment Letter

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For more information on the STAX, see https://www.schwab.com/investment-research/stax/view-schwab-trading-activity-index

STAX Schwab Trading Activity Index Midband with Markets at Record Highs

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 today, the STAX is closer to a 6-year low than a 6-year high. 

Market Update for 11/8/24

Kirk Lindstrom's Investment Letter

To see what stocks and ETFs are in my "Explore Portfolio" and get a full list of on my price targets to both take profits or buy more:

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Stock Market vs. US Fed Funds Rate 1993 to 2024

US Stock Markets (Log Scale) vs. Fed Funds Rate and some other charts I use to help find good times to take profits then use those profits to buy back shares when the markets decline.

STAX Schwab Trading Activity Index Over Time - January 2019 through Today

II Sentiment: Investors Intelligence Bulls / (Bulls+Bears) & S&P 500 Weekly

DJIA vs Oscillators

The Federal Reserve lowered interest rates by 0.50% and their preferred measure of inflation, PCE, came in at 2.2% (but 2.7% if you ignore food and energy inflation.)

Many are excited by this news thinking the Fed has inflation heading back to 2.0%, but... note that core inflation is not dropping and has actually risen to its May 2024 level after being lower in June and July.

Kirk Lindstrom's Investment Letter

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the September 2024 Issue for FREE!!! 
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