Retail investors took a bullish tack in November, hinting at a Santa Claus rally this year, according to TD Ameritrade survey results released Monday.
"We think they are sticking with the trend until the end. Traders are moving into higher-beta momentum names," said Nicole Sherrod, TD Ameritrade managing director. "We saw an increase in inflows to equity mutual funds and ETFs and that's more of a long-term investor. For months we've seen outflows, so this is a change that we noticed."
On CNBC's "Halftime Report," Sherrod said it was the second-most bullish reading in its 4-year-old IMX survey of retail investors.
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