The frenzy of trading in U.S. equities is showing no signs of abating and looks set to surpass levels seen during the worst of the pandemic panic in March. Over the last 20 days, an average 15.8 billion shares have traded each day on all U.S. exchanges, according to data compiled by Bloomberg. That’s just below the 16.1 billion average hit on March 25, which was the highest in at least over a decade. Bursts of trading usually come amid periods of surging volatility so with price swings subdued the jump in trading activity looks like another sign of stock market exuberance.
Since Covid and The Federal Reserve altered markets back in February/March 2020, we have seen stock market volatility rise then decline (purple line) while trading volumes have risen in January 2021. Boatloads of monetary stimulus …
and fiscal stimulus in the form of transfer payments to low- and middle-income households.
Tape A, B and C trading volume on all US exchanges (exchange symbol US) for all security types.
Quoted in millions of shares. Calculated by Bloomberg. (MVOLUSE = MVOLQE + MVOLNYE + MVOLAME).
The pledge of continued monetary stimulus and the hope of massive transfer payments have created a trading frenzy in stocks, Bitcoin and gold/silver. Especially Bitcoin and other cryptocurrencies.
The Fed has signaled no tightening until … after 2023.
M1 Money growth is at 69.7% YoY, the highest since 1960.
Hi Ho Silver! Away!