Daily Report : Overseas fund exodus nears 2008 crisis low; Stocks have been trapped between time frames

Every week for the past 12 weeks, investors have pulled money from overseas equity mutual funds and ETFs. It's on a scale now that rivals the worst of the 2008 financial crisis. Domestic funds have seen less outflow on a relative basis.; The S&P 500 has been stuck in a range for a month, above its medium-term 50-day moving average but below its long-term 200-day average. Based on other long streaks of being stuck between time frames, there has been a higher likelihood it will break the streak by falling below its 50-day average. But future returns were weak, no matter which way it broke.

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