Breaking News

Stocks have struggled so significantly this 12 months, with the S&P 500 dropping 10%. Commentary from Lender of America strategists implies more losses could be on the way.

Global fairness cash saw on outflow of $17.5 billion in the week finished April 20, the worst week of the calendar year, according to the strategists, citing EPFR data.

U.S. equity cash suffered an outflow of $19 billion, the biggest given that December. The outflow was $19.6 billion for U.S. massive-cap stocks.

“Everyone bearish, but redemptions just starting,” the strategists wrote in a bullet-point commentary.