Outflows are huge
According to Lipper data we have seen equity mutual fund outflows 39 out of the past 40 weeks. Momentum has gained lately as well. Goldman's Garrett writes: "...this pace is rivaled only by Oct 2008 (financial crisis), Dec 2018 (trade wars + Fed hike into slowing economy leading to worst December since 1931), and Oct 2020 (Trump/Biden election)."
Source: GS
