Global equity rally showing signs of reversing: Citigroup

Bloomberg

A headwind for the global equity rally is showing signs of reversing, and that could give a further boost to stocks, according to Citigroup Inc.
Investors have sold a net $230 billion in shares this year amid a 20% rise in a gauge of global stocks, strategists including Robert Buckland wrote in a note. That has only happened twice before and when the trend reversed, inflows helped spur another 20% gain over the next year, they said.
“November is on track to be the first month of inflows into emerging and developed market equities funds in two years,” the Citi team wrote. “If they continue, this could add further momentum to the rally.”