4 ms·
Here is a list of stuff that was released in May, 2020. 2 months removed from the response to the pandemic: https://www.lofficielusa.com/film-tv/the-best-movies
by JakeTheAndroid 6y ago
Here is a list of stuff that was released in May, 2020. 2 months removed from the response to the pandemic: https://www.lofficielusa.com/film-tv/the-best-movies-and-tv-shows-to-stream-in-may-2020 https://www.lofficielusa.com/film-tv/the-best-movies-and-tv-...
Not 100% of that was completely new IP, but it was new. And there were even new things released in April. I admit it was far lower than what would likely have been released without covid, but there was content being put out still. I admit that I was annoyed with the lack of content, and still am. But to suggest that I filled that time with stock trading seems like a stretch.
Also, none of this addresses my other point. Individual investors do not make up a majority of stock purchases. So to assume that the average Joe being bored at home lead to rallies in retail stocks just doesn't jive. What does jive is the decline in other investment opportunities and having large firms shift their investments into the only options they really had; Stocks and real estate.
However, real estate even became too prohibitive for a lot of investors due to the fed rate cut leading to tons of home buying. This is a sector that is largely composed of individual investors. Therefore, they were forced into stocks exclusively.
I would simply need a lot more data to support that individuals being bored lead to massive movements in stocks. in 2016 14% of stocks were owned by individual investors. Let's assume a 100% increase due to the media drought and thats 28%. That is not enough to truly influence large parts of the market into the hikes we've seen. Especially considering that during this time there was a lot of financial uncertainty for these individual investors. Many didn't know if they'd have paychecks coming in (take a look at the mortgage forbearance to see how many people assumed they wouldn't have money). So how many new investors joined in on their piece of the pie when they were also strapped for cash? I'd be surprised if it was 100% increase. The only people that could take advantage of the dips were people that had were likely already in the market and had consistent money coming in.