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- Investors pulled a record amount of money out of exchange-traded funds and mutual funds in the first three weeks of February, according to data from UBS.
- The firm says US stocks hung in there admirably considering this pressure and attributes their resilience to two secret weapons.
February was not kind to stock traders.
It started with a bang, as the benchmark S&P 500 suffered through its first 10% correction in years. That made the rest of February an uphill slog for the index, which finished down 3.9%, its worst month since January 2016.See the rest of the story at Business Insider
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See Also:
- Traders are fleeing the stock market in record numbers — but a pair of secret weapons are keeping it afloat
- Macy’s blockbuster quarter was costly for traders guarding against the retail apocalypse
- BAML: There are 2 catalysts that can make this the ‘greatest bull market of all time’
SEE ALSO: BAML: 2 catalysts can make this the ‘greatest bull market of all time’
