The Investment Company Institute says mutual funds had their worst redemptions since 2008. Investors pulled $56.2B from funds. While investors were pulling out of mutual funds, they were putting money into ETFs to the tune of $25.2B.
Despite yesterday's record gain, stocks have been on a downward spiral on fears of a slowing global economy and President Donald Trump’s criticism of Federal Reserve Chairman Jerome Powell. The S&P 500 index lost 5.4 percent in the week ended Dec. 19.
Financial analyst and market blogger with expertise in equity research, fundamental analysis, and macroeconomic trends. I regularly publish coverage on individual stocks, ETFs, and sector developments — combining rigorous financial analysis with clear, engaging writing for a broad investment audience.
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