Our CIO Provides His Perspective on the Recent Day Trading Craze and How Investors Should Tread Lightly

One of the more fascinating outcomes of the coronavirus pandemic has been the resurgence of day trading, led by Barstool Sports founder Dave “Davey Day Trader” Portnoy. Portnoy had only purchased one stock in his life before the lockdowns were imposed. When professional sports were canceled across the board, he turned his sports gambling focused content to the stock market. One of the more fascinating outcomes of the coronavirus pandemic has been the resurgence of day trading, led by Barstool Sports founder Dave “Davey Day Trader” Portnoy. Portnoy had only purchased one stock in his life before the lockdowns were imposed. When professional sports were canceled across the board, he turned his sports gambling focused content to the stock market.This has helped encourage millions of followers and new investors to move into the markets, pursuing speculative trades — some for the sake of the entertainment value. While we all thought that people had learned their day trading lessons during the dot-com crash in the early 2000s, a new generation of traders who were not around 20 years ago are into the markets, and in a big way.