Big investors are dumping stocks

[Z00]

http://www.businessinsider.com/net-sale ... igh-2015-6

Big investors are dumping stocks like it's 2008

Akin Oyedele

Big investors are fleeing stocks.

In a note Tuesday, Jill Carey Hall at Bank of America Merrill Lynch (BAML) wrote that the clients' net sales of US stocks amounted to $4.1 billion last week, the largest total since January 2008.

Most of the selling is being led by institutional investors. Here's Carey Hall:

After three weeks of net buying, institutional clients' net sales last week were the largest in our data history. Hedge funds were net sellers for the ninth consecutive week, while private clients bought stocks last week following the previous week's net sales. Buybacks by corporate clients were slightly lower than in the previous week, but on a four-week average basis have generally continued at a constant pace since mid-May. Net sales last week were chiefly due to large caps (biggest sales ever of this size segment), though small and mid-caps also saw outflows.

The strategists wrote that investors pulled the most money out of healthcare and financial stocks. Last week, outflows from healthcare were the largest on record, they said.

On Friday, BAML strategists noted that investors last week pulled the most from government bonds since the so-called taper tantrum of 2013.

This chart shows that the various client types have steadily pulled money out of stocks in recent months, but institutional investors lead by far.

Read more: http://www.businessinsider.com/net-sale ... z3dwtOeSDr

[68Camaro]

Overall its a zero sum game (until market goes no bid) but it might be telling that the changes specifically involve the hedge funds selling big and private investors buying, because when it is these two groups involved it is historically the hedge funds that know when something is "off" and its usually the private clients that buy when they should't.

[IdahoCopper]

They are fleeing the uncertainty of the pending SCOTUS decision on O-care.

[68Camaro]

They are fleeing the uncertainty of the pending SCOTUS decision on O-care.

Could be it... Will make that decision all that much more interesting.