BREAKING: Institutional investors sold a net -$8.3 billion of US equities last week, the 2nd-largest weekly sale on record. Meanwhile, retail investors bought +$1.0 billion, posting their 5th consecutive weekly purchase. Hedge funds bought +$1.2 billion, marking their 8th weekly purchase in the last 9. In total, equity ETFs posted +$2.2 billion in inflows last week, while single stocks saw -$8.3 billion in outflows. Single stocks have now seen outflows in 13 of the last 15 weeks, totaling -$52.0 billion. Institutions are aggressively selling to retail and hedge funds.