US stocks are likely to be hit by a wave of redemptions, warns Chris Wood

This process, according to Wood, is already well underway with Netflix now down 69 per cent year-to-date (YTD)

US equities are likely to be hit by a 'wave of redemptions' as the US Federal Reserve (US Fed) tightens its monetary policy and winds down its bond-buying program, warned Christopher Wood, global head of equity strategy at Jefferies in his latest note to investors, GREED & fear.

US domestic equity exchange traded funds (ETFs) recorded an estimated net outflow of $20.7 billion in the week ended 20 April, following a net outflow of $7.9 billion in the previous week. As a result, there was an estimated net outflow of $26 billion in the first three weeks of April, exceeding