Robinhood's Steve Quirk: Two weeks of net selling at the end of July

• Retail investors showed two weeks of net selling at the end of July, a rare occurrence for Robinhood's typically net-buying customer base.
• Top net buys included SpaceX, Broadcom, Alphabet, and Apple, while top net sells included SK Hynix, Western Digital, AMD, and Nebius Group.
• Bitcoin prices are the top non-sports prediction market on Robinhood, indicating sustained interest despite price stability.
• July trading volumes for equities were up 59% year-over-year, options up 66%, and event contracts up 20x, showing strong engagement.

Robinhood's Chief Brokerage Officer Steve Quirk discusses retail trading activity, noting a shift towards a 'value bent' among investors. While there was net selling at the end of July, likely due to profit-taking and some market nervousness, overall trading volumes remain strong, and there's a healthy optimism. Bitcoin remains a top prediction market, indicating continued retail interest in crypto.