Investors pull $30 billion out of stocks in 2nd-largest weekly outflow on record: BAML

[ffr]

Current market carries echoes of 1998 Asia/LTCM crisis: analysts



As the second quarter neared its close, investors adjusted allocations, with a notable rotation out of equities and into safer assets such as government bonds or cash, according to flow data compiled by Bank of America Merrill Lynch.

Much of the repositioning was driven by changing environment: tighter Federal Reserve monetary policy, rising energy prices, geopolitical tensions and growing protectionist policies across the globe.

In the week ended on Wednesday, investors withdrew nearly $30 billion from global equity funds, which was the second largest weekly outflow on record, the BAML analysts said in a Friday note.

The biggest chunk of equity outflows came from U.S. equity funds, where investors withdrew $24.2 billion over the past week, the third largest outflow ever. - Marketwatch

[Wellstone ruled]

1. Next monday should be interesting.

With the start of the quarter three,and will Donnie to Stupid to get out of his own way,jams his new Tariffs up the American Consumers Collective asses,real interesting. Watch for Layoff Notices after the close of Markets. GM and Ford are not screwing around,Model Change overs are due,Lots are full, of miss matched autos,Rental Companies are doing their mid year change overs,dumping tens of thousands of used cars into the Auction System.


Just what can go wrong?

[asiliveandbreathe]

2. My brother has been sooo busy - he transports those cars after the dealers buy them -

quit an operation..he always has a puller..the person who brings the cars around to his trucks..but he did say, something no one seems to talking about - gas prices...

[Wellstone ruled]

3. Ten cent increase today.

And that will really hurt our local economy. As a Tourist Town,we depend on California . And yes your Brother is busy. The Auction yards are loaded and noticed that they are flooding a lot across the Highway with Cars. Just lead and lag effect.

[PoindexterOglethorpe]

4. Gas prices, yes.

I have always only owned cars that get pretty good gas mileage (current car is 2004 Honda Civic, I'm on a road trip and getting 37mpg, not a record, but not bad) and I have never understood owning any one of the many gas guzzlers out there. And I REALLY don't understand the fact that when gas prices drop for a bit, apparently a lot of people decide, "What the hell, I may as well buy that SUV that gets 12mpg at best."