by Tyler Durden
Wednesday, Apr 21, 2021 - 09:53 AM
Less than a week ago we reported that after Morgan Stanley and BofA, Deustche Bank joined the growing bandwagon of sellside researchers warning that the market is facing a period of severe turbulence, investors appear to be heeding the caution in what BofA calls a significant shift to the increasingly euphoric sentiment.
Yesterday we reported that according to the latest institutional and HNW client data published by Bank of America,
the bank s flow desk just had seen the biggest outflows in five months as clients were net sellers of a whopping $5.2BN in US stocks last week - the biggest sales since mid-Nov. and fifth-largest on record - which took place just as the S&P 500 reached new highs.
Mega Squeeze Coming: Last Week Saw Biggest Hedge Fund Shorting Since May zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.