Investors pull billions from US stocks in longest outflow streak since 2004

CNBC/Evelyn Cheng/08-25-17

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.

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