As the S&P climbs toward 3,000, individuals are clamoring to get in. Interestingly, while retail investors are chasing stocks, institutions continue to “de-risk” as $6.3B was allocated to bonds and $15.1B was pulled out of equities. The net result was a new record to date totaling $229B flowing into bonds, with $154B was pulled out of equities, according to Zerohedge…….. Furthermore, with participation continuing to narrow, it continues to look like the August/September time frame for a larger corrective cycle is still in play.
https://www.zerohedge.com/news/2019-07-06/you-jump-they-jump-out
