from King World News
With continued uncertainty in global markets, the public is dumping stocks as we just witnessed the 5th largest outflow from domestic stocks funds in the last 10 years!
Public Dumping Stocks
From Jason Goepfert at SentimenTrader: “U.S. equity funds got punched again. There was a huge outflow from domestic funds that focus on stocks, the 5th-largest since 2007. Total fund assets have grown over that time, but even if we express the outflow as a % of total assets, it was large. There is a temptation to automatically consider such an outflow to be a contrary indicator (and bullish for stocks) but the history of other large weekly outflows has been mixed…