On today’s Animal Spirits, we discuss:
U.S.-BASED STOCK FUNDS POST $46 BLN OUTFLOWS IN WEEK ENDED WEDNESDAY; LARGEST WITHDRAWALS ON RECORD DATING TO 1992 -LIPPER via @TRHunnicutt
— Jennifer Ablan (@jennablan) December 13, 2018
Lipper reporting $46b equity MF + ETF outflow in the past week, which is huge, but at least half of this is seasonal end of year stuff. Last 6 yrs:
— Urban Carmel (@ukarlewitz) December 14, 2018
The largest equity fund outflow of the year almost always occurs in mid-December. Even so, this week's outflow of 0.44% of total equity fund assets is the largest in 15 years.
The previous record was 0.39% in mid-August 2011.
— SentimenTrader (@sentimentrader) December 14, 2018
— Bluegrass Capital (@BluegrassCap) December 13, 2018