More importantly, when looking at the bigger picture and finding $213 billion in redemptions from equity funds stands in stark contrast to $337bn inflows to bond funds; Hartnett answered our pressing question: who is buying stocks here?
His answer: “the sole buyer of US stocks remain corporate buybacks, not institutions” as shown in the chart below.
https://www.zerohedge.com/news/2019-09-06/there-has-been-just-one-buyer-stocks-financial-crisis
