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Berk's Blog

Lemmings Take the Plunge Even as Stocks Make New Highs

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Investors escape from stock funds in favor of bond funds this past spring.

“More than $38 billion of investor assets flowed out of equity long-term funds and ETFs in the five weeks between April 18 and May 22 [per the ICI], while nearly $33 billion flowed into fixed-income mutual funds and ETFs. During this period, the S&P 500 dropped nearly 2 percent (emphasis added).”

Christopher Robbins, Financial Advisor Magazine, May 29,2019