Wealthy Investors Sold U.S. Stocks as Market Roared Back From Covid-19 Lows

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As the stock market staged an impressive rally from April through August of this year, high-net-worth and ultra-high-net-worth investors were consistent net sellers of U.S. equities. Back in March, however, when U.S. benchmarks bottomed from their Covid-induced rout, these investors were net buyers.

Those are takeaways from the just-introduced Addepar Investment Sentiment Index, which measures the relative share of sophisticated investors that are net buyers of U.S. stocks versus those who are net sellers or net neutral….

As the stock market staged an impressive rally from April through August of this year, high-net-worth and ultra-high-net-worth investors were consistent net sellers of U.

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Source: https://www.barrons.com/articles/wealthy-investors-sold-u-s-stocks-as-market-roared-back-from-covid-19-lows-addepar-index-shows-51600972966

Stock market index, Finance