iPath S&P 500 VIX Short-Term Futures ETN (VXX): Despite Rising Market, "Smart Money" Sel...

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Wednesday, 05/25/2016 6:36:49 AM

Wednesday, May 25, 2016 6:36:49 AM

Despite Rising Market, "Smart Money" Sells For Record 17th Consecutive Week
Submitted by Tyler Durden on 05/24/2016 10:47 -0400

http://www.zerohedge.com/news/2016-05-24/despite-rising-market-smart-money-sells-record-17th-consecutive-week

Another week, and another quiet exodus by the "smart money" clients of Bank of America (hedge funds, institutionals and private money), who collective sold $218 million in stocks, the 17th consecutive week of selling completely oblivious of a market that "wants to go higher" according to Bob Pisani, and as BofA notes, "continuing the longest uninterrupted selling streak in our data history (since '08)."

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