According to @KobeissiLetter, investors sold $4.7 billion of US equities last week, led by single-stock selling, source: @KobeissiLetter. Single-stock outflows rose by $500 million to $5.7 billion, making the last two-week outflow the third-largest since 2008, source: @KobeissiLetter. Institutional investors dumped $3.6 billion, the most since June, after $1.4 billion the prior week, source: @KobeissiLetter. Hedge funds sold $1.3 billion, marking a third consecutive weekly outflow, source: @KobeissiLetter. Retail investors turned net buyers with $200 million, the first weekly inflow in four weeks, source: @KobeissiLetter. The source characterizes this as Wall Street selling to Main Street again, source: @KobeissiLetter. For crypto traders, monitor potential cross-asset spillovers as studies show crypto–equity correlations tend to rise in risk-off periods, especially impacting BTC and ETH, source: International Monetary Fund.

According to @KobeissiLetter, individual investors sold 0.9 billion dollars of equities last week, the first weekly sale in eight weeks and only the third week of selling in the past 37 weeks; source: Bank of America flow data cited by The Kobeissi Letter. Hedge funds sold 2.0 billion dollars of equities in the same period; source: Bank of America flow data cited by The Kobeissi Letter. Elevated stock‑crypto correlations since 2020 mean broad equity de‑risking can coincide with higher BTC and ETH volatility; source: IMF Global Financial Stability research on stock–crypto linkages published in 2022.