Net Selling Of Banks Hits Near 5 ½ Year High: UBS

Among six signs of capitulation, analysts at UBS report that banks have been tied to the most recent risk-off move and witnessed the most net selling of any sectors in January. Banks witness biggest net selling – US investors turned from buyers to sellers in ETFs Nick Nelson and team highlight six signs of capitulation in the flows data in their Feb. 11 global research note titled “European Flow Watch – Six Signs of Capitulation.” Topping their list is banks witnessing the biggest net selling for close to the last 5 ½ years: Focusing on the country level and the sectors together, the analysts report…