$3.6B in institutional selling, $1.3B from hedge funds, $200M of retail buying, the imbalance is glaring
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 …