Analysis: Institutional investors sold $11 billion in U.S. stocks last week and are turning to wait and see

On March 27, The Kobeissi Letter issued an article stating,"Institutional investors sold a net US$11 billion in U.S. stocks last week, the largest weekly selling in nearly five weeks. In the past three weeks, institutions had made continuous net purchases, with a total scale of US$12.6 billion. At the same time, hedge funds bought a net $1.8 billion in U.S. stocks, ending a previous four consecutive weeks of selling; retail investors sold a net $80 million, the third net sale in the past 10 weeks. Overall, the net outflow of U.S. stocks last week was US$9.3 billion, up from the previous week's US$1 billion outflow, bringing the cumulative outflow in the past 16 weeks to US$25.5 billion. Among them, the outflow of funds from individual stocks reached US$8.3 billion, the fourth largest weekly outflow since 2008; the outflow of ETFs was US$1.1 billion, the highest in nearly six months. Institutional investors are gradually shifting to a wait-and-see stance."