Fund managers can't catch a break
The Investment Company Institute reports that mutual fund investors pulled nearly $20 billion from domestic equities in the week ended October 14. That's the 7th-largest weekly outflow since at least 2007. After other > $19 billion outflows, the Backtest Engine shows this was not an automatic contrary buy signal. Over the next month, the S&P 500 rose four times and dropped more than 6% twice.