The "Longest Uninterrupted Smart Money Selling Streak In History" Extends To 16 Weeks
Last night, following 15 consecutive weeks of client selling, we asked - rhetorically - if today the selling by BofA's smart money clients would stretch to a new record 16 consecutive weeks.
Will it be a record 16 consecutive weeks of smart money outflows? Find out tomorrow
— zerohedge (@zerohedge) May 17, 2016
Earlier today we received the BofA update, as well as the answer: a resounding yes.
Here is BofA: