Shares in brokerages Charles Schwab
, TD Ameritrade
have climbed on average 38 percent this year.
Why should you care? Well, according to Bloomberg
, the last time this happened, equity mutual funds saw $91 billion in inflows.
reporters Whitney Kisling and Alexis Xydias write that, according to bulls, "a rally in brokers that serve private investors means individuals are preparing to embrace shares after they pulled almost $400 billion from stock funds in the last four years."
Read more on this in Bloomberg
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