Investors Continue To Sell Stocks Missing Massive S&P 500 Rally

Despite the headwinds now facing the global economy, the S&P 500 rallied 1.5% last week, near to an all-time high.

However, despite this rally, according to Bank of America’s flows data, which is based on the buying and selling activities of clients of the bank, investors were small net sellers of US stocks for the second week in a row last week despite the S&P 500 strength.

Gold Mining Output Rising, Spending ‘Relaxed’ on 2016 Jump But Stocks Drop with Bullion Price

According to Bank of America’s data, both institutional and private clients were net sellers of stocks last week, for the sixth and second weeks respectively. Both groups have sold stocks for the majority of weeks this year. Meanwhile, hedge funds...