Goldman Sachs Clients Sold In May And Lost Money That Way

Mutual fund, futures, and ETF data reveal a shift away from stocks and towards bonds during the past month, thanks to current high valuations in equity market points out Goldman Sachs report. David J. Kostin and team at Goldman Sachs in their June 6, 2014 report titled: “US Weekly Kickstart” point out pension funds have sold stocks and bought bonds in the first quarter. Goldman Sachs: Weakening equity flows The Goldman Sachs analysts point out U.S. equity flows have weakened during the past month, with outflows from U.S. equity mutual funds totaling $10 billion since April 30. The following graph…