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Analysts puzzle over stock market’s rally amid equity-fund exodus

Yousef Abbasi, director of U.S. institutional equities and global market strategist at INTL FCStone, told MarketWatch that equity fund outflows are one reason to be skeptical of the longevity of the current bull market. Another reason for caution is that “this rally has occurred on super light volume,” Abbasi said. “Even on a big data day,” like Friday, which saw the release of the closely watched jobs report, “volumes are running 15% below the average,” he added.
-- MarketWatch