Contrarian Negative

“Inflows into U.S. equity ETFs have been surging – negative from contrarian perspective. In the past month, U.S. equity ETFs issued a stunning $36.0 billion (3.6% of assets), the highest trailing one-month inflow since October 2008. In the past when trailing inflows have been so huge, stock prices have often been flat to lower in the following weeks. Inflows into savings deposits have dropped significantly. The average inflow of $31.7 billion in the past three months was 31% below the average inflow of $46.1 billion in the preceding 12 months. Inflows into savings deposits totaled $445.3 billion last year, down 38% from the record inflow of $723.7 billion in 2009.” (TrimTabs)

TrimTabs

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