U.S. Market Flows for January 2024

By Irene Aldridge (https://twitter.com/irenealdridge)

Post date: 2024-02-05 16:02:06 GMT

What major trends did AbleMarkets detect for last month?

For the month of January, AbleMarkets saw institutions divest of many positions, particularly those highly correlated with the market (high-beta). Instead, institutions opted once again for low-beta, but high-volatility stocks, presumably building out options-based bets and arbitrage portfolios. The institutions bought high volatility names across the market cap spectrum.

Retail investors also trimmed their portfolios in January, but not to the same extent as the institutional investors. Retail flow that when retail investors bought, they opted for high-beta, low volatility stocks, the opposite to the institutional holdings.

What did the institutions actually buy this January? Institutions were accumulating interest in foreign commodities and utilities like fossil fuels in emerging markets, Portuguese equities and even Canadian National Railway Co. (NYSE: CNI). The institutions also bought into regional U.S. banks like the Peoples Bancorp of North Carolina (NASDAQ:PEBK). At the same time, institutions divested of penny stocks.

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This research report is for informational purposes only and should not be considered as a solicitation or recommendation to buy/sell securities. It is essential to conduct personal research and consult with a qualified financial advisor before making any investment decisions.

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