The Investor Movement Index (IMX) showed TD Ameritrade clients have transitioned into a more cautious portfolio posture. JJ Kinahan, Chief Strategist of TD Ameritrade, tells TheStreet’s Jill Malandrino that while the IMX dipped in January, clients were actually net buyers. Net buys included energy stocks like Chevron, Conoco Phillips, BP and energy ETFs. Kinahan explains clients used increased volatility to their advantage and they wanted exposure to energy. Other popular buys were dividend-payers, including Disney, AT&T and General Electric. Retail stocks were net sells, as were headline makers like Whole Foods, and Lululemon.
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