Blake Millard, CFA
@BlakeMillardCFA
Portfolio Manager • Previously @UBS and @Sandbox_FP • Tweets≠Advice • Read my market note - • Stay the Course.
880 Following 7.5K Followers
October typically sees the biggest net selling by institutional clients ahead of the 10/31 deadline most mutual funds use to recognize gains/losses.
And this October, institutional clients' outflows (normalized by market cap) were the biggest of any Oct. in nine years.
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From @JC_ParetsX note this morning, truer words were never spoken. In short, the market's greatest flaw is apparently whatever it's doing right now 🤣.
Most headlines are written to capture attention and instill fear/panic, not to improve your portfolio.
