Investors withdrew a net $13.9 billion from the US equity market last week, a move primarily fueled by the liquidation of individual company holdings. Single stocks accounted for $14.2 billion in total outflows, marking the largest weekly divestment from this asset class since 2008.
The discrepancy between total equity outflows and single-stock selling suggests a marginal offset from equity exchange-traded funds. This significant reduction in exposure highlights a broad trend of profit-taking as investors exit positions to secure recent market gains.