Schwab Trading Activity Index™: Score Rises Modestly Amid New-Year Rally

WESTLAKE, Texas--(BUSINESS WIRE)--The Schwab Trading Activity Index™ (STAX) increased to 44.73 in January, up slightly from its score of 44.56 in December. The STAX is a proprietary, behavior-based index that analyzes retail investor stock positions and trading activity to illuminate what investors were actually doing and how they were positioned in the markets each month. The reading for the four-week period ending January 26, 2023 ranks “moderate low” compared to historic averages. “Schwab’s