Stock Asset Outflows Near Highs, High Yield Follows

Asset outflows from high yield debt are moving along near record clips, with stock market outflows also at notable levels, according to a Bank of America Merrill Lynch report. The report comes on the heels of a Goldman Sachs report which extolled investors not to worry about high-yield debt concerns.   Stock asset outflows turn “sharply negative With stocks nearing to top end of a price range, U.S. mutual fund and ETF asset outflows “turned sharply negative” for the week ending May 4, BAML’s Yuriy Shchuchinov. After notching the second straight losing week in a row, and seeing the VIX…