Why are markets going crazy? Smartphones, one study suggests

marketwatch2021-02-01

Low interest rates? Bored traders stuck at home? A new study has come up with an alternative explanation for the surge in speculative activity. Smartphones. A study circulated by the National Bureau ...

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Comments

川姐
2021-02-02
川姐
Media
Merlionel
2021-02-01
Merlionel
Makes it much faster and convenient for retail traders
Cuiluan
2021-02-01
Cuiluan
?
Xavier1983
2021-02-01
Xavier1983
Nice
Dandabeast
2021-02-01
Dandabeast
nice
kk__soh
2021-02-01
kk__soh
Hmm

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A new study has come up with an alternative explanation for the surge in speculative activity.\nSmartphones.\nA study circulated by the National Bureau ...</p>\n\n<a href=\"https://www.marketwatch.com/story/heres-another-explanation-for-the-surge-in-speculative-activity-smartphones-11611579511?mod=home-page\">Source Link</a>\n\n</div>\n","source":"lsy1603348471595","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why are markets going crazy? 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Smartphones, one study suggests\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-01 10:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/heres-another-explanation-for-the-surge-in-speculative-activity-smartphones-11611579511?mod=home-page><strong>marketwatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Low interest rates? Bored traders stuck at home? A new study has come up with an alternative explanation for the surge in speculative activity.\nSmartphones.\nA study circulated by the National Bureau ...</p>\n\n<a href=\"https://www.marketwatch.com/story/heres-another-explanation-for-the-surge-in-speculative-activity-smartphones-11611579511?mod=home-page\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://www.marketwatch.com/story/heres-another-explanation-for-the-surge-in-speculative-activity-smartphones-11611579511?mod=home-page","article_id":"1142808214","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1142808214","pubTimestamp":1612147870,"sourceInfo":{"source_id":"lsy1603348471595","name":"MarketWatch"},"weMediaInfo":null,"summary":"Low interest rates? Bored traders stuck at home? A new study has come up with an alternative explana","collect":0,"end_time":0,"defaultTopTitle":"marketwatch.com","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"为什么市场会疯狂？一项研究显示，智能手机","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{},"content_text":"Low interest rates? Bored traders stuck at home? A new study has come up with an alternative explanation for the surge in speculative activity.\nSmartphones.\nA study circulated by the National Bureau of Economic Research found the use of smartphones increases the purchase of riskier and lottery-type assets, and chasing past returns.\nIt was written before the recent spike in trading of companies such as GameStopGME,+67.87%and AMC EntertainmentAMC,+53.65%,in which retail investors have attacked the short positions of many hedge funds. The online brokerage Robinhood is now the number-one app on Apple’s app store, an the source of the speculative demand, Reddit, is number-two.\nThe researchers looked at two large German retail banks that introduced trading applications for mobile devices between 2010 and 2017. For over 15,000 clients, they observed not just the transactions but the specific platform used for each trade.\nThe researchers were able to look at the same investor during the same month. Smartphones increase the probability of buying so-called lottery stocks by 67%. 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