S&P 500 Rally Unloved by ETF Investors as Flows Dry Up: Chart

Brian Belski: Bull Market Is Still Very Much Alive

U.S. stocks have been climbing without the help of one of investors’ favorite instruments: exchange-traded funds. As stocks staged the biggest turnaround since 1933 to erase the worst-ever start to a year, investors added $3 billion to domestic equity ETFs, according to data compiled by Bloomberg. That’s just a third of the amount that was added as the market posted a similar rally last fall, and less than a 10th of the inflows seen when the S&P 500 erased a 7 percent decline in October 2014.

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