Retail Investors Piled In Just Before the Stock Rally Fizzled

• February 12 2018
• Sarah Ponczek

E*Trade Financial Corp. added 64,581 gross new brokerage accounts in January, according to a company statement.

Retail investors jumped head first into last month’s market rally -- just in time to get burned by a correction. E*Trade Financial Corp. added 64,581 gross new brokerage accounts in January, according to a company statement. That’s the most in a month since September 2016 and came as the S&P 500 Index capped a 19 percent annual gain.