Independent thinking for complex markets and current events
Investors are cashing-in massive profits from the oil trade: The United States Oil ETF, $USO, has posted -$900 million in outflows so far in April, on track for its largest monthly withdrawal since the 2009 record of -$1.2 billion. Still, the ETF is up +2% month-to-date, after rising as much as +100% from January to …
Active fund managers are struggling: Investors are on track to withdraw a record -$605 billion from global active equity funds this year. This surpasses the previous record of -$450 billion. It also marks the 10th annual outflow over the last 11 years. Over this period,… pic.twitter.com/JAl5INZSPy — The Kobeissi Letter (@KobeissiLetter) December 21, 2025
BREAKING: BlackRock’s #Bitcoin ETF experiences massive outflows as investors rush for the exits. Bitcoin ($BTC) ETFs recorded additional withdrawals totaling over $583 million, marking the second-largest outflow in history. As we predicted, Investors are exiting as quickly as… pic.twitter.com/2UXFYAPsWH — Jacob King (@JacobKinge) January 10, 2025
As seen in the chart below, US technology funds have seen historic outflows over the last month. With over $5 billion of outflows since October 1st, this is more than DOUBLE the outflows seen at the start of the 2022 bear market. Despite record highs, we have record selling. pic.twitter.com/KcMjrtv3VV — The Kobeissi Letter (@KobeissiLetter) …
Chinese Yuan hit the lowest level versus the US dollar since November 2023. The yuan fell to as low as 7.2487 driven by capital outflows in China, disappointing growth and fear that the Federal Reserve rate-cut cycle will be delayed. pic.twitter.com/5p7jx0kQcf — Global Markets Investor (@GlobalMktObserv) May 29, 2024 Business with China 🇨🇳 📉 pic.twitter.com/gRKYF5mXBz …
US ESG funds had $8.8 billion of withdrawals in first quarter Global inflows were a modest $900 million, buoyed by Europe US fund managers suffered their worst-ever quarter for ESG-focused products as the pace of client redemptions intensified. Client withdrawals from US funds targeting environmental, social and governance goals reached $8.8 billion in the first three months …
Global crypto funds just recorded 3 consecutive weeks of outflows for the first time ever. Over the last 3weeks, total crypto fund outflows were $767 million. Last week alone, ~$435 million of crypto assets were removed from these funds, the most since late March. The majority… pic.twitter.com/ltVY6gce2K — The Kobeissi Letter (@KobeissiLetter) April 29, 2024 …
by confoundedinterest17 The song “Running on Empty” by Jackson Browne comes to mind when analyzing the state of American banking, especially regional banks. Yesterday we found out that inflows to money-market funds continue to be huge ($290BN in six weeks), and more importantly, regional banks’ usage of The Fed’s BTFP bailout facility surged to a new record high (even …
S&P 500 earnings revision breadth going deeply negative means that a substantial number of companies in the S&P 500 index are revising their earnings forecasts downward, signaling potential challenges and contributing to market concerns. Uh oh. S&P 500 earnings revision breadth has gone deeply negative. 🫤 pic.twitter.com/timlZF3xV6 — Markets & Mayhem (@Mayhem4Markets) November 6, 2023 …
📌Flow Emerging market assets experienced significant outflows, reflecting a notable decrease in investor confidence and a shift towards safer investment options👉 https://t.co/JKtv1wBK8o ht @BoFAML #markets #emergingmarkets#emergingmarket #debt #stockmarket #equity #equities pic.twitter.com/tnS8ympaOu — ISABELNET (@ISABELNET_SA) October 16, 2023
Investment Grade Corporate Bond ETFs experienced their 2nd highest monthly outflows in history last month 👀😱 pic.twitter.com/kIch4yy52b — Barchart (@Barchart) October 12, 2023 Fed governor Chris Waller compares the run-up in Treasury yields to the bank stress events from March. The Fed dialed back planned hikes after the SVB-initiated bank stress. "Now, once again, financial …
by confoundedinterest17 US personal savings are being exhausted as The Fed raises rates to fight inflation. I call this phenomenon “low riding” where consumers are being punished by The Federal Reserve and Biden Administration. Meanwhile, large bank loan volumes are shrinking. With money-market fund assets hitting new highs, and banks’ usage of The Fed’s emergency funds facility at …
by Dismal-Jellyfish Table 1 (PDF) | Table 2 (PDF) | Charts (PDF) Wut Mean?: Commercial and Industrial (C&I) Lending: Banks tightened standards for C&I loans to businesses of all sizes. All loan terms for C&I loans, like rate spreads, premiums on riskier loans, credit line costs, and many others, were tightened. Both large and other banks tightened C&I lending …