Last week brought large liquidations with U.S. equity exchange traded funds (ETFs).  On Thursday alone, $1.2 billion was redeemed. This brought the outflow from Tuesday to Thursday to $6.0 billion. The leading redeemer was iShares Russell 2000 Index (IWM). TrimTabs of reports investors poured $258 million (7.9% of assets) into materials, they pulled $284 million (2.4% of assets) out of financials. Global equity had an outflow of $576 million, or 1.2% of assets and Bond and Commodity ETFs had an outflow of $105 million.

The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.

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