IMX Data Shows Home Gamers Increased Equity Exposure

Individual investors increased their equity exposure and remained active as the major indexes reached record highs in a relatively low volatility environment, TD Ameritrade Chief Strategist, JJ Kinahan, explains. The Investor Movement Index (IMX) jumped higher to 5.85, which was near the March 2014 high of 5.87. Net buying activity was spread across several sectors in July with GoPro, Gilead, Yahoo! and Whole Foods as the standouts. Although clients were net buyers overall, both technology and financial sectors were net sold, including Intel, Facebook, Cisco, Microsoft, Bank of America, and Citigroup.