Wall Street Veteran Says Amateur Traders Dampen Stock Volatility
- Retail demand seen curbing irregular trading, market swings
- Concerns remain about individuals’ staying power in downturns
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The soaring popularity of stock trading by the wider American public during the pandemic has actually been helpful for the functioning of the market more broadly, according to one veteran trader.
The involvement of amateur investors means less volatility and fewer irregular trading episodes, said Larry Peruzzi, Boston-based director of international trading at Mischler Financial Group Inc., who’s been buying and selling equities for a living for more than two decades.