Investor Movement Index continues climb in June amid market rally
Kobus Louw

TD Ameritrade Investor Movement Index advanced to 5.46 in June, vs. 5.12 in May, but still ranked "moderately low" compared with historic averages, according to a report dated Monday.
The report showed that TD Ameritrade clients were net sellers of equities for the four-week period ended June 30, mostly reducing their exposure within the consumer discretionary, industrials and financials sectors. Buying interest, however, was strongest in information technology, health care, and consumer staples.

TS Ameritrade clients sold into the strength of popular names like Nvidia (NVDA); Advanced Micro Devices (AMD); Tesla (TSLA); and Meta Platforms (META). Notable names being bought were: Walt Disney (DIS); Target (TGT); AT&T (T); and Verizon (VZ).
June's AAII Asset Allocation Survey showed individual investors' equity allocations reached a 13-month high.