We are seeing some ETF movement back into growth today. The following funds saw positive inflows. DIA: $149 million, IJR: $103 million, IWY: $21 million, SPY: $1.8 billion. At the same time, we are seeing some outflows from value with the IVE, IWD, IWN and IWX, seeing approximately 275 Mil in outflows.
ETF Newz Says: Investors might be trying to get back into the growthier side of the market thinking we have over-corrected. YTD the SPY is down nearly 13%, the QQQ is down 19%. Year over year nearly all of the gains of the QQQ have been removed in this recent correction.
