“The Selling Just Won’t Stop” – Smart Money Sells Stocks For Near Record 11th Consecutive Week
by Tyler Durden
ZeroHedge.com
04/12/2016
Last week, during which the S&P 500 was down 1.2%, BofAML clients were net sellers of US equities for the 11th consecutive week. Net sales of $1.7bn were smaller than in the prior week, but all three client groups (hedge funds, institutional clients, private clients) remained net sellers, led by institutional clients. Net sales were in both large and mid-caps, while clients bought small caps last week.
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