Selling Into The Rally: Not Everyone Is Bullish On Equities

The markets have generally had a bullish view of equities for much of the year so far, but not everyone is buying stocks. In fact, Bank of America Merrill Lynch reports that this year has brought the worst start to the year for equity flows since 2008.

Q4 hedge fund letters, conference, scoops etc

Selling into equity strength

Last week BofAML recorded $10.1 billion in outflows from stocks, of which $5.5 billion of those outflows were in U.S. stocks alone.

The firm's clients were clearly selling into strength as global...