Investors pull $60B from stocks

Despite the Dow, Nasdaq, and S&P being up 14.83%, 21.3%, and 18.32% year-to-date, respectively, traders have pulled about $60 billion out of the market in the just the 3rd quarter. Morningstar data shows it’s the largest outflow since 2009.

On the other hand, bonds and money markets have seen big inflows with $118 billion added to bonds last quarter and $225 billion put into money markets.

Why? Business Insider says investors are apparently looking for saver options amid the global economic slowdown and US-China trade tensions.

Source: https://www.businessinsider.com/traders-pull-60-billion-stocks-third-quarter-most-since-2009-2019-10

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