Foreigners Dump A Record $265 Billion In US Stocks In Past Year

Fight Censorship, Share This Post!

As noted earlier, with China selling Treasuries for the first time since December in March according to the latest TIC data

… foreign central banks dumped Treasuries for the 6th consecutive month (-$170BN), and 11th of last 12 months (-$265 BN)…

… although much of this was offset by buying from private accounts, as US bond ownerships continues to shift from Public to Private hands.

However, it wasn’t China that was the most aggressive seller of US paper in March, but rather America’s friends to the north – Canada – who dumped $12.5 billion, the biggest drop since July 2011.

Overall, March was a bad month for US assets, with foreigners dumping a total of $12.5 billion in US Treasurys and $24 billion in corporate stocks, offset by purchases of $4.7 billion in Agencies and $1.1 billion in Corporate bonds.

However, for yet another month, the real action was away from the bond market, and in US stocks, where TIC data showed that foreigners sold US stocks for a record 11th consecutive month and 13 of the past 14:

The aggregate $207 billion sale in the past 12 months, is the largest liquidation of US equities by foreigners on record.

What is odd, is that in March US stocks barely shuddered nand after several attempts at taking out 2,800 in the S&P, the finally pushed right through, despite what we now know was relentless selling by both individual and institutional investors, and – now – also by foreigners. Which once again begs the question, just how powerful are stock buybacks – which were the only official buyers of stocks in May – to not only offset selling by virtually everyone else, but also push the market to new highs?

This post has been republished with implied permission from a publicly-available RSS feed found on Zero Hedge. The views expressed by the original author(s) do not necessarily reflect the opinions or views of The Libertarian Hub, its owners or administrators. Any images included in the original article belong to and are the sole responsibility of the original author/website. The Libertarian Hub makes no claims of ownership of any imported photos/images and shall not be held liable for any unintended copyright infringement. Submit a DCMA takedown request.

Fight Censorship, Share This Post!

Read the original article.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.