Institutional investors are cashing in gains:
Investors sold -$4.7 billion of US equities last week, driven by single stocks.
Outflows from single stocks rose by $500 million, to -$5.7 billion, making the last 2-week outflow the 3rd-largest since 2008.
This was led by institutional investors who dumped -$3.6 billion, the most since June, after -$1.4 billion in the prior week.
Hedge funds sold -$1.3 billion, posting their 3rd consecutive weekly outflow.
Meanwhile, retail investors turned to buying for the first time in four weeks, at +$200 million.
Wall Street is selling to Main Street again.
Institutional investors are cashing in gains:
Investors sold -$4.7 billion of US equities last week, driven by single stocks.
Outflows from single stocks rose by $500 million, to -$5.7 billion, making the last 2-week outflow the 3rd-largest since 2008.
This was led by… pic.twitter.com/I1cnX5T440
— The Kobeissi Letter (@KobeissiLetter) October 3, 2025
⚠️This is truly UNPRECEDENTED:
The divergence between US job openings and the S&P 500 has NEVER been this wide.
In past economic cycles, when the US job market deteriorated this quickly, the stock market followed the decline.
What is happening this time?
Wrong answers only… pic.twitter.com/vAhHvBKjAX
— Global Markets Investor (@GlobalMktObserv) October 2, 2025