A record 1.1 Trillion left stocks 1 year before the crises started. Rising stock prices in 2019 and 2020 were the result of stock buy-backs and mergers, not investor inflows.

In 2019 investors pulled their money out of the stock market en masse in reaction to the yield curve inverting and the high interest rates that caused the market to dip in Sep, 2018.

They never put it back in, rather stock buy-backs fueled the 2019 and 2020 rally.

https://www.bloomberg.com/news/articles/2019-09-23/biggest-ever-move-out-of-stocks-could-foreshadow-gains-ahead

Submitted May 10, 2020 at 10:20PM by speaknovel https://ift.tt/2WIdGmB