Woosh…ETF’s had over $31B in outflows last week. Incredible.
Of note, in the summer of 2015 the S&P 500 Index fell 12%. In January of 2016 the Index suffered a 13% pullback. The outflows back then are miniscule compared to last week’s numbers. At Friday’s low the SP 500 was down 12% from the January highs.
Hat tip Eric Balchunas