Billions Exit SPY, Yet The S&P 500 Party Goes On: What's Happening?
1. U.S. equity ETFs saw $7.3 billion in net inflows last week. 2. IVV collected almost $800 million, indicating strong long-term interest. 3. SPY faced $2.1 billion in net outflows, showing investor rotation. 4. Lower expense ratios are driving cash into IVV over SPY. 5. Overall, the sentiment towards U.S. equities remains robust despite SPY's decline.