Insider Selling Hit Six-Year Highs As Retail Investors Rushed Into Stocks…(“Fleecing The Muppets)
by Tyler Durden
ZeroHedge.com
Apr 3, 2017
Earlier we showed that when looking at asset returns in the first quarter, there were hardly any underperformers while positive returns were generous across virtuall all asset classes. What drove this outsized performance, which once again left most hedge funds and asset managers seeking to generate alpha in the dust? The answer: a continuation of the capital reallocation euphoria launched with the Trump election in November, which continued for the second consecutive quarter. And while stocks were by far the biggest beneficiaries of the fund flows, with US equity ETFs alone taking in $62 billion in Q1, as TrimTabs’ David Santschi points out, the bond inflow was perhaps the most noteworthy, which saw $34 billion in inflows even as Bond ETFs rose just 1.0% last quarter, yet money kept pouring in all quarter.
Here is the summary of how retail investors allocated funds to the market, courtesy of the TrimTabs:
All Stock and Bond Funds Get $162 Billion in Q1 2017, Biggest Quarterly Inflow in Four Years. Insider Selling Hits Six- Year High in February and March. Real Wages and Salaries Keep Rising at Brisk Pace, although TrimTabs Macroeconomic Index Levels Off, and Credit Indicators Not Signaling Big Pickup in Growth
And the Demand (Fund Flows) details
Fund investors went on a buying spree last quarter, snapping up $162 billion worth of stock and bond funds, the most since the inflow of $193 billion in Q1 2013. U.S. equity ETFs alone took in $62 billion in Q1 2017 following the record inflow of $109 billion in Q4 2016.
The Rest…HERE
