With a second round of stimulus checks on the way, which stocks could see a boost from Americans having some more cash on hand?
Direct payments of $600 started going out across the country on Tuesday, Treasury Secretary Steve Mnuchin wrote on Twitter. The move came shortly after Senate Majority Leader Mitch McConnell blocked an attempt by Senate Minority Leader Chuck Schumer to pass a bill raising them to $2,000 per person, an amount requested by President Donald Trump.
One trader expected recipients to turn to the market. Data from May showed that investing in securities was one of the most common uses for the last round of stimulus checks across almost all income brackets.
“Where are the Robinhoodies going to invest their