Schwab CEO Says Retail Traders Are Buying Dips, Selling Rips

Charles Schwab Corp.’s chief executive officer said retail investors are eager to trade when there is more volatility — something more common since Donald Trump returned to the US presidency.

“Our clients trade more when there is more volatility, and they tend to be somewhat countercyclical,” Schwab CEO Rick Wurster said Friday in a Bloomberg Television interview. “The last few weeks, they’ve been buying dips and selling rips.”