Does Not Compute: “Smart Money” Clients Sell Stocks For 12 Consecutive Weeks
by Tyler Durden
ZeroHedge.com
04/19/2016
Last week, when reporting that smart money had sold stocks for 11 consecutive weeks, we were convinced that this week the selling would finally end. It did not. As BofA reported overnight when looking at the latest trading activity by its smart money clients, last week, during which the S&P 500 was up 1.6%, BofAML clients were net sellers of US stocks for the twelfth consecutive week, in the amount of $1.36bn. Sales were chiefly in large caps, though all three size segments saw outflows.
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