Novices, who took up trading during lockdowns, have led aggressive buying this year when many Wall Street advisors urged caution. UBS analysts reckon, at least in Southeast Asia, that they are now a big enough force to move markets. Their brokers say they are getting ready for short-term risks, despite a consensus favouring a Joe Biden victory and a market rally. In Australia, retail broker CommSec said there had been recent buying of Betashares' BEAR ETF, which gains when stocks fall, and of options protecting against falls. “This (risk reduction) had started probably late September, and is ongoing,” said Adam Reynolds, Asia-Pacific CEO of Saxo Capital Markets in Singapore.

Source: Dhaka Tribune November 02, 2020 10:07 UTC