Large-scale stock sell-off by institutional investors: A whopping $50.78 billion exited the market within a month due to the US credit rating downgrade and Trump's trade war, according to S&P Global.
🔥 A Shocking $50.78 Billion Stock Sell-Off! 💸
Welcome, Folks! Today, we're diving into some eye-popping numbers from the world of finance. Ahh, the sweet taste of success and the bitter pill of losses - indeed, it's a roller coaster ride!
The latest scoop comes from none other than S&P Global. They've reported that in May, institutional investors had a vicious appetite for unloading stocks, amounting to a whopping $50.78 billion! 🔥
That figure outperformed the $30.93 billion worth of stocks that institutions cashed out in April and surpassed the 12-month average net monthly sale of $42.73 billion, painting a grim picture for the market 👎
What caused this sharp decline, you ask? Well, worry not, fellow investors! Uncertainties abounded in May: escalating trade conflicts, Moody's hangover after the US credit rating downgrade from AAA to AA1. Yikes! 😜
Thomas McNamara, S&P Global's wise director of market intelligence, delved deeper into the matter: "Institutions still bear the weight of concerns surrounding tariffs, recession and overall global uncertainty."
But let's not be too glum! Other investors - those that manage indexes and exchange-traded funds - went on the offensive, gobbling up a net $11.07 billion in stocks. Ah, the relentless dance of the stock market 💃
However, the amounts involved are significantly lower than the 12-month average of $29.44 billion, which just goes to show that it's not all fun and games in the market 💸
So, what's the upshot? Well, as McNamara wisely explains, it's "never zero-sum" when it comes to stock sales 🤝
In this case, share buybacks might just have provided the oomph the market needed, enabling it to rebound, even without strong buying conviction from long-only investors 📈
The S&P 500 inched up by 0.25% during this period, while the Nasdaq Composite soared nearly 1.6%, despite the Dow Jones Industrial Average dipping by nearly 1.4%. Now that's quite the ride, ain't it? 🎢
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Sources:
- S&P Global
- Moody's
- Credit Rating
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