Billions Exit SPY, Yet The S&P 500 Party Goes On: What's Happening?

Businessman,Using,Tablet,Analyzing,Sales,Data,And,Economic,Growth,Graph

It was a healthy week for U.S. equity ETFs in general, with the asset class pulling in $7.3 billion in net inflows, as reported by FactSet, cited by Etf.com. However, SPDR S&P 500 ETF Trust (NYSE:SPY), the largest and most liquid S&P 500 benchmark, was the outlier for the wrong reason, with $2.1 billion in net outflows for the week ended Sept. 5.

SPY stock is challenging resistance. See what is driving the movement here.