Institutional investors are dumping US equities at a massive pace:
Investors sold -$9.3 billion in US equities last week, bringing the 6-week total to -$13.5 billion. This comes as sales of single stocks surged to -$8.3 billion, the 4th-largest since the Great Financial Crisis. Institutional investors led with -$11 billion in outflows. Meanwhile, retail investors remained sellers for a 2nd consecutive week. Hedge funds returned to buying at +$1.8 billion, but they have sold -$4.9 billion over the last 4 weeks. Professional investors are running to the exit. Source: Global Markets Investor
The recent net selling by hedge funds is the third largest over the last decade.
Talk about risk-off! When the dust settles there will be some great opportunities. Source: Markets & Mayhem @Mayhem4Markets
All 7 members of the Magnificent Seven are down on the year
(-8% for Apple to -26% for Microsoft) and underperforming the average stock in the S&P 500 (which is down -1%) by a wide margin.Source: Charlie Bilello
Technical corner by TME ->
$SPX S&P 500 is trading just below range lows, with the 21-day crossing the 200-day MA. The déjà vu setup remains in play for now. A slightly lower close risks accelerating the move to the downside.
Stock markets around the world since the war started:
Source: Dividendology
The Fundrise Innovation Fund (ticker $VCX) is a closed-end fund invested into non-listed companies such as Anthropic, Space X, etc.
Investors paid at top tick $575 while the current NAV (bottom of the chart) is $18.25… Peak sentiment on private cos? Source. Bloomberg, RBC
What happened to luxury stocks ?
Current Drawdowns: EssilorLuxottica: -39% Hermès: -41% Ferrari: -43% LVMH: -49% $RACE $RMS $MC $EL Source: Fiscal.ai
Range or breakdown?
Markets are at a decision point. The big range is still holding, but short-term trends, bond stress, and positioning shifts are building pressure. These setups don’t linger, one side eventually wins. Source: TME
