Personal Finance and Investing

ffr

(23,127 posts) Fri Jun 29, 2018, 04:56 PM Jun 2018

Investors pull $30 billion out of stocks in 2nd-largest weekly outflow on record: BAML

Current market carries echoes of 1998 Asia/LTCM crisis: analysts

As the second quarter neared its close, investors adjusted allocations, with a notable rotation out of equities and into safer assets such as government bonds or cash, according to flow data compiled by Bank of America Merrill Lynch.

Much of the repositioning was driven by changing environment: tighter Federal Reserve monetary policy, rising energy prices, geopolitical tensions and growing protectionist policies across the globe.

In the week ended on Wednesday, investors withdrew nearly $30 billion from global equity funds, which was the second largest weekly outflow on record, the BAML analysts said in a Friday note.

The biggest chunk of equity outflows came from U.S. equity funds, where investors withdrew $24.2 billion over the past week, the third largest outflow ever. - Marketwatch

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Investors pull $30 billion out of stocks in 2nd-largest weekly outflow on record: BAML (Original Post) ffr Jun 2018 OP

Next monday should be interesting. Wellstone ruled Jun 2018 #1

My brother has been sooo busy - he transports those cars after the dealers buy them - asiliveandbreathe Jun 2018 #2

Ten cent increase today. Wellstone ruled Jun 2018 #3

Gas prices, yes. PoindexterOglethorpe Jul 2018 #4

Wellstone ruled

(34,661 posts)

1. Next monday should be interesting.

Reply to ffr (Original post)

Fri Jun 29, 2018, 05:11 PM

Jun 2018

With the start of the quarter three,and will Donnie to Stupid to get out of his own way,jams his new Tariffs up the American Consumers Collective asses,real interesting. Watch for Layoff Notices after the close of Markets. GM and Ford are not screwing around,Model Change overs are due,Lots are full, of miss matched autos,Rental Companies are doing their mid year change overs,dumping tens of thousands of used cars into the Auction System.

Just what can go wrong?

asiliveandbreathe

(8,203 posts)

2. My brother has been sooo busy - he transports those cars after the dealers buy them -

Reply to Wellstone ruled (Reply #1)

Fri Jun 29, 2018, 05:43 PM

Jun 2018

quit an operation..he always has a puller..the person who brings the cars around to his trucks..but he did say, something no one seems to talking about - gas prices...

Wellstone ruled

(34,661 posts)

3. Ten cent increase today.

Reply to asiliveandbreathe (Reply #2)

Fri Jun 29, 2018, 06:17 PM

Jun 2018

And that will really hurt our local economy. As a Tourist Town,we depend on California . And yes your Brother is busy. The Auction yards are loaded and noticed that they are flooding a lot across the Highway with Cars. Just lead and lag effect.

PoindexterOglethorpe

(26,727 posts)

4. Gas prices, yes.

Reply to asiliveandbreathe (Reply #2)

Thu Jul 5, 2018, 09:26 PM

Jul 2018

I have always only owned cars that get pretty good gas mileage (current car is 2004 Honda Civic, I'm on a road trip and getting 37mpg, not a record, but not bad) and I have never understood owning any one of the many gas guzzlers out there. And I REALLY don't understand the fact that when gas prices drop for a bit, apparently a lot of people decide, "What the hell, I may as well buy that SUV that gets 12mpg at best."

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