Market Currents

The S&P 500 SPDR (SPY) pulled in $6.4B in the week ended June 13, the heaviest inflows since...

Friday, June 15, 2012, 10:39 AM ET
The S&P 500 SPDR (SPY) pulled in $6.4B in the week ended June 13, the heaviest inflows since October 2008. Thought to represent the behavior of institutional investors, the move is not necessarily a bullish sign as these types use SPY as a trading vehicle or as a spot to park short-term cash.

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This news story has 2 comments:

Kevin Flynn Comments (223)

The dividend may have played a role - the SPY went ex-div today, and doesn't usually drop the way an individual stock would to reflect the payout.

15 Jun 2012, 10:55 AM Reply Like

PAR Model Comments (85)

Performance Analytics' PAR Model, which provides a rolling 6-month forecast of the S&P 500 return, has been negative since March (March -5.2%, April -6.8% and May -4.4%). This suggests being Underweight exposure to SPY - the opposite of what this data suggests. Could mean that PMs feel most of the downturn has been delivered and now look for a slight bounce. You can read more here: http://bit.ly/M62uWS

15 Jun 2012, 11:07 AM Reply Like

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