People are exiting the stock market in droves

This summer, instead of the typical lull in market activity as investors head for vacation spots, the US stock market is experiencing significant shrinkage.

Investors are withdrawing their funds at a near-record pace, signaling concerns about the US economy. This departure from the usual “sell in May and go away” trend suggests a broader shift in market sentiment.

Bank of America analysts reported that their clients have been consistently selling off US stocks for the past five weeks, with last week seeing the largest outflow since July of the previous year, CNN reported.

read more: https://www.cnn.com/2024/06/05/investing/premarket-stocks-trading/index.html

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