BlockBeats News, March 27 — The Kobeissi Letter reported that institutional investors sold a net $11 billion of U.S. stocks last week, the largest single-week sell-off in nearly five weeks. In the previous three weeks, institutions had been net buyers, totaling $12.6 billion.
Meanwhile, hedge funds bought a net $1.8 billion of U.S. stocks, ending a four-week streak of selling; retail investors sold a net $80 million, marking the third net sell-off in the past 10 weeks.
Overall, U.S. stock net outflows last week totaled $9.3 billion, up from $1 billion outflow the previous week, bringing the total outflow over the past 16 weeks to $25.5 billion. Individual stock funds saw an outflow of $8.3 billion, the fourth-largest weekly outflow since 2008; ETF outflows reached $1.1 billion, the highest in nearly six months. Institutional investors are gradually shifting to a wait-and-see stance.