Schwab Trading Activity Index™: STAX Score Sees Steepest Monthly Drop Since May 2025

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The Schwab Trading Activity Index™ (STAX) fell to 56.04 in March, marking its steepest monthly decline since May 2025, primarily due to the start of war in Iran. Schwab clients showed a shift towards more diversified exchange-traded funds (ETFs) and away from individual stock picking amidst increased market volatility. This decline, the first since December, was accompanied by a retreat in long-term bullish sentiment across various investor age groups, including Gen-X, Gen-Z, Millennials, and Baby Boomers.

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