Traders just pulled ~$3 billion from the $QQQ Nasdaq 100 fund, the 6th-largest outflow in its history.*
04/06/00: -$8.0 billion
10/19/00: -$4.2 billion
01/06/04: -$3.0 billion
09/18/20: -$3.5 billion
09/29/20: -$3.2 billion
01/26/22: -$2.9 billion
* Not adjusted for assets
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Looking back at charts for those days, no consistent moves in price show up.
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A demographic breakdown of investors pulling money out of $QQQ would be interesting. Most likely smart money. I fear for my retail compatriots.
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Could part of the reason be selling in January, paying cap gains the following yr. After a huge 2 yr run?
