AXIOS (Madison Mills) - The risk for the growing pool of everyday investors
Once called "dumb money," everyday investors —people trading via Robinhood, Schwab and the like—are now collectively big enough to have sway over the direction of markets. Why it matters: That power can come with real risks for this herd of retail investors and potentially for the economy if they pile into an investment that goes terribly wrong. State of play: Investments are taking on an increasingly bigger share of the wealth picture for everyday Americans, according to the JPMorgan Chase Institute . - Retail investing makes up about a quarter of daily trading volume on average, according to Jefferies . - Young people are also increasingly viewing investing as a source of income, according to a survey from the Oliver Wyman Forum.…