Retail Investors Turn Net Sellers Of Global Stocks For First Time Since October 2016

If you're looking for reasons why U.S. equities have remained resilient in the face of myriad geopolitical land mines and incessant headline risk around the trade wars, you can point to two things: the corporate bid (i.e., buybacks) and earnings growth. Both of those pillars are to a certain extent a function of the tax cuts and late-cycle fiscal stimulus in the U.S. Additionally, strength in U.S. small-caps is seemingly predicated on the notion that they're less exposed to the trade war, altho