In what is starting to feel less like a bumpy blip, and more like a longer-term trend of the Trump economy, we’ve seen stocks slump hard again the past few weeks. How one rides out this uncertainty is today’s challenge, and many are simply fleeing to safety for now.
Investors aren’t sitting still as the selloff intensifies. Market participants yanked $39 billion out of global equity funds in the week through Dec. 12, the highest weekly total ever, according to data provided by Bank of America Merrill Lynch. Additionally, $8.4 billion fled investment-grade bond funds, also an all-time high, in what BAML analysts described as “the greatest week of redemptions ever.”