Robinhood traders nailed the market bottom, debunking myth retail traders are the dumb money


The Robinhood application is displayed in the App Store on an Apple Inc. iPhone in an arranged photograph taken in Washington, D.C.

Andrew Harrer | Bloomberg | Getty Images

Robinhood investors piled into equities at the perfect time to cash in on stocks’ epic rally, according to Societe Generale.

The Wall Street firm sorted through data from Robintrack, a third party aggregate of Robinhood trading data, and found that the Silicon-Valley stock trading app’s clients nailed the market bottom. Robinhood users total holdings¬†increased in March, exactly when stocks bottomed and started their stunning trek upward.¬†

“For all the mocking

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