"The Longest Uninterrupted Selling Streak In History"- 'Smart Money' Sells For Record 15 Consecutive Weeks
Exactly one week ago, when looking at the record 14 consecutive weeks of selling by the "smart money" clients of BofA, i.e., hedge funds, institutions and private clients, we said that "maybe next week, which would mark a historic 15 weeks of consecutive smart money outflows, is when the tide finally turns, assuming the market slides here. Or perhaps, due to accelerating redemptions, it won't, and the ongoing selling deluge will continue indefinitely. Find out one week from now."
Overnight BofA revealed the answer, and as it turns out, it was the latter: