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“In line with BofA, retail has been busy promoting currently. They write: “Retail and institutional shoppers have been web sellers (for first time in 4 weeks and for the second week, respectively). Gross sales by retail have been the most important in a 12 months and the twelfth largest in our information historical past (since ‘08)”. Retail shouldn’t be a opposite indicator, however BofA additionally writes: “weeks of equally or extra excessive retail outflows have been adopted by constructive 4-week S&P 500 returns >90% of the time”.
Reddit been very bearish currently, what do you guys consider this?
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