Investors are fleeing U.S. stocks in a way they haven’t since 2004.
For 10 straight weeks a total of $30 billion has left U.S. stocks, marking the longest streak of outflows since 2004, Bank of America Merrill Lynch said in a Thursday report, citing EPFR Global data.
Investors turned instead to emerging markets and European and Japanese stocks, which saw $36 billion in inflows over the last 10 weeks, the report said.
PG View: Has the rush to the exit begun? Some of the money coming out of stocks is going into gold as well.