Stocks Near All Time High Despite 16 Straight Week Of US Mutual Fund Outflows, Historic “Redemption Day”

Friday, July 1, 2016
By Paul Martin

by Tyler Durden
ZeroHedge.com
Jul 1, 2016

The new normal sure is strange: with the S&P flirting with all time highs, not to mention staging another dramatic V-shaped comeback from the post-Brexit crash which saw S&P futures trade limit down a week ago, investors keep on selling. According to Lipper data, U.S.-based stock mutual funds, which are held by retail mom-and-pop investors, posted cash withdrawals of $2.8 billion over the weekly period ended Wednesday; this was the 16th consecutive week of outflows.

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