Growing Influence of Retail Traders in Stock Markets

As much as 2020 will be defined by the Covid-19 crisis that resulted in untold miseries on populations across the world, 2020 will also be remembered as a strange year when stock markets across the world witnessed huge gains despite lock-downs and limited economic activity in most countries. A lot has already been written about the probable reasons behind the surge in stock markets- money printing and super low interest rates by central banks and increase in savings due to reduction in discretionary expenses on vacations, entertainment and going out in general. I will highly recommend this excellent New York Times piece (Why Markets Boomed in a Year of Human Misery ) to dig further into these causes.