This page has been archived and commenting is disabled.

Domestic Equity Fund Inflows Pleateau, Reverse, Track Market As Recent Outflow Of $2.2 Billion Is Largest In Two Months

Tyler Durden's picture




 

After peaking at just over $2 billion in early January, domestic equity inflows as tracked by ICI have reversed, and the just released outflow of ($2.2) billion is the biggest shift away from equities since early December. An odd observation (odd because it makes sense), is that since the market peak in mid January when the SPY hit a 52 week high of 115.06, the equity fund flows have been decidedly negative, and are now coinciding with prevailing market moves. This is a marked regime change, as during the paradoxical H2 rally when the market continued its relentless rise it was accompanied by tens of billions of equity funds outflows, prompting TrimTabs to wonder if the Federal Reserve is doing the buying. It appears that since January 1, the "mysterious endless cash holder bid" is gone, and now the market does in fact correlate with in/outflows. How long this persists will depend on how many market supports are taken out in the near term, and how long the winter break at Liberty 33 continues.

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Thu, 02/11/2010 - 12:18 | 226598 fudfud (not verified)
Thu, 02/11/2010 - 13:06 | 226838 Anonymous
Anonymous's picture

Spam

Thu, 02/11/2010 - 11:26 | 226627 Grand Supercycle
Grand Supercycle's picture

 

Previous choppy sideways action for DOW/SP500 and EURO have resolved once again to the downside.

So SP500/DOW downtrend and the USD uptrend reasert their dominance yet again.

This is very bearish for equities.

Substantial USD rally just gets closer and closer.

http://www.zerohedge.com/forum/market-outlook-0

Thu, 02/11/2010 - 11:56 | 226681 Cognitive Dissonance
Cognitive Dissonance's picture

The chart reminds me of a roller coaster that has just ascended the first big hill, has crested the top and gravity has now taken over.

Hang on, the fun has only just begun.

http://www.youtube.com/watch?v=-fXL7dW__sE

Thu, 02/11/2010 - 11:59 | 226696 bugs_
bugs_'s picture

Hold yer arms up!!!

Thu, 02/11/2010 - 12:04 | 226711 Anonymous
Anonymous's picture

Fits in perfectly - Fed needs low rates to refi the $1.6 T debt bubble coming up in March. What better way than to take away the phony support for stocks and let them crash a little. Short all the way folks !!

Thu, 02/11/2010 - 14:57 | 227130 Anonymous
Anonymous's picture

How much of this outflow is due to increased ETF demand. Can we see both together?

Thu, 02/11/2010 - 19:19 | 227556 Anonymous
Anonymous's picture

just when you think the Fed has stopped buying, heh heh, Ben is back today, and DOW 10k is safe again. Ben has been confirmed, regardless of QE or not, money will be printed, stocks will rise, all auctions will be backstopped via direct bids; stop hyperventilating, nothing to see here, move on and up!

Mon, 04/19/2010 - 10:15 | 307830 Tom123456
Tom123456's picture

ucvhost is a leading web site hosting service provider that is known to provide reliable and affordable hosting packages to customers. The company believes in providing absolute and superior control to the customer as well as complete security and flexibility through its many packages. cheap vps Moreover, the company provides technical support as well as customer service 24x7, in order to enable its customers to easily upgrade their software, install it or even solve their problems. ucvhost offers the following different packages to its customers

Do NOT follow this link or you will be banned from the site!