0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
EUR/USD
Bearish
Oil - US Crude
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Wall Street
Bullish
Gold
Bearish
GBP/USD
Bearish
USD/JPY
Bearish
More View more
Real Time News
  • Forex Update: As of 10:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.51% 🇦🇺AUD: 0.45% 🇨🇦CAD: 0.44% 🇳🇿NZD: 0.25% 🇬🇧GBP: 0.23% 🇯🇵JPY: -0.10% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/X79P6EsMnj
  • Indices Update: As of 10:00, these are your best and worst performers based on the London trading schedule: Germany 30: 2.74% France 40: 2.73% FTSE 100: 2.28% Wall Street: 0.91% US 500: 0.59% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/SvvEG07UEc
  • NZ PM says Auckland will move to level 3 restrictions for 3 days $NZD
  • Emotions are often a key driving force behind #FOMO. If left unchecked, they can lead traders to neglect trading plans and exceed comfortable levels of risk. Read on and get your emotions in check here:https://t.co/eILWbFgHRE https://t.co/dnwQT6AhKF
  • Heads Up:🇿🇦 Unemployment Rate (Q2) due at 09:30 GMT (15min) Previous: 30.1% https://www.dailyfx.com/economic-calendar#2020-08-11
  • 💶 ZEW Economic Sentiment Index (AUG) Actual: 64.0 Previous: 59.6 https://www.dailyfx.com/economic-calendar#2020-08-11
  • 🇩🇪 ZEW Current Conditions (AUG) Actual: -81.3 Expected: -68.8 Previous: -80.9 https://www.dailyfx.com/economic-calendar#2020-08-11
  • 🇩🇪 ZEW Economic Sentiment Index (AUG) Actual: 71.5 Expected: 58 Previous: 59.3 https://www.dailyfx.com/economic-calendar#2020-08-11
  • Heads Up:🇩🇪 ZEW Current Conditions (AUG) due at 09:00 GMT (15min) Expected: -68.8 Previous: -80.9 https://www.dailyfx.com/economic-calendar#2020-08-11
  • Heads Up:🇩🇪 ZEW Economic Sentiment Index (AUG) due at 09:00 GMT (15min) Expected: 58 Previous: 59.3 https://www.dailyfx.com/economic-calendar#2020-08-11
Stock Market Fund Flows: S&P 500 Retreat Sparks Demand for Defensives

Stock Market Fund Flows: S&P 500 Retreat Sparks Demand for Defensives

2019-03-08 19:30:00
Peter Hanks, Analyst
Share:

Stock Market Fund Flows Talking Points:

  • Broad-market ETFs SPY, IVV and VOO notched $4.5 billion in outflows for the week
  • The XLV healthcare ETF recorded a near-record intraday inflow as the S&P 500 began its retreat
  • See Q1’19 forecasts for the Dow, Dollar, Bitcoin and more with the DailyFX Trading Guides.

Stock Market Fund Flows: S&P 500 Retreat Sparks Demand for Defensives

Amid a tumultuous week for the S&P 500 and other US equity markets, fund flows reveal that investors reduced exposure to the broad-market tracking ETFs of SPY, IVV and VOO. Together, the three funds notched $4.5 billion in outflows which marks the first week of net outflows in a month. The week also stands as the fifth week of net outflows for the year to date, despite a simultaneous 8.65% gain for the S&P 500.

Aggregate Fund Flows for Broad Market ETFs versus S&P 500 (Chart 1)

SPY ETF price chart

High-Yield Corporate Debt Sees Capital Flight

A sector-specific look into fund flows showed investors were eager to ditch their exposure to high-yield corporate debt, a recent high-flyer in the ETF space. This week however, the HYG ETF saw $108 million exit the fund. While somewhat minor, the week of net outflows marks the second such week after the fund saw its largest intraday outflow in over two months last Wednesday. Prior to the late-February outflows, the fund enjoyed a month of consecutive inflows.

HYG ETF Fund Flows (Chart 2)

HYG etf price chart

Learn tips and tricks to day trading the S&P 500

Defensive Sectors Gain Traction

While broad-market and high-growth ETFs saw capital shift elsewhere, the defensive healthcare sector posted considerable inflows. Specifically, the XLV ETF realized its second largest intraday inflow ever on Thursday. The flow was dwarfed only by December 12th when the fund saw $786 million enter its coffers just days before the worst of December’s equity rout.

XLV ETF Fund Flows (Chart 3)

XLV etf price chart

The considerable demand for healthcare exposure is indicative of a risk-off mood in the ETF sector, echoed by investors’ decision to shed exposure to the riskier HYG. While prior extreme fund flows have not always preceded a deeper decline, the concerted flight to XLV this week suggests some investors believe the S&P 500 has more ground to give.

Read more: Will the Stock Market Crash in 2019?

--Written by Peter Hanks, Junior Analyst for DailyFX.com

Contact and follow Peter on Twitter @PeterHanksFX

DailyFX forecasts on a variety of currencies such as the US Dollar or the Euro are available from the DailyFX Trading Guides page. If you’re looking to improve your trading approach, check out Traits of Successful Traders. And if you’re looking for an introductory primer to the Forex market, check out our New to FX Guide.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.