US stock market posts first outflow since March, signaling a risk-off summer
US equity funds saw their first net outflow since March, MarketWatch reported, as investors rotate out of technology shares. Money is shifting toward housing, REITs and small- and mid-cap stocks ahead of the autumn midterm elections. Analysts say the trend reversal may set up a risk-off summer.
US equity funds recorded their first net outflow since March, according to fund-flow data cited by MarketWatch, as investors began trimming exposure to long-rallying technology shares.
The figures show capital rotating toward housing, real-estate investment trusts (REITs) and small- and mid-cap stocks. Analysts say the shift reflects renewed appetite for cyclical sectors expected to benefit as the autumn midterm elections approach.
MarketWatch reported that the trend reversal may set the stage for a risk-off summer. With investors weighing interest-rate expectations against an uncertain political calendar, market participants anticipate that volatility could rise in the months ahead.
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