11 days ago • Posted by Paul de La Baume
#Stocks outflow grows - Is it a good sign ? $SPY $QQQ #trading
As outflows in US stocks grow, it presents a slightly bullish short-term outlook. It has been 9 straight weeks of equity fund outflows (MF+ETF) in 2023. A total of $34.1bn left US stock funds. And did you know, that almost all of the net gains for the S&P 500 over the past 23 years have come after investors have moved money out of stock?
Source: Ned Davis Research, Seth Golden