NYSE at the opening bell, April 24, 2019. Photo: Drew Angerer/Getty Images

Money flowed strongly into mutual funds and ETFs of all kinds except for equity funds last week. According to the most recent data from Lipper, equities saw $7.3 billion of outflows, the only asset group it tracks to see money pulled out of funds.

Why it matters: Despite the run in U.S. stocks, data shows that real money investors have been selling for most of this year. That trend continues even during what should be bouts of exuberance.

The backdrop: The drawdown in stocks came as the S&P 500 and Nasdaq reached new all-time highs and the U.S. saw a raft of strong economic data, including retail sales and jobless claims, as well as above-average corporate earnings results.

Go deeper: Investors are selling stocks, but the market keeps rising

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Biden campaign, DNC jointly raised $140 million in July

Photo: Andrew Caballero-Reynolds/AFP via Getty Images

The Biden campaign, the Democratic National Committee and their joint fundraising committees announced Wednesday that they raised $140 million in July.

Why it matters: With 90 days until the election, the Biden campaign and DNC now have $294 million on hand, an increase of $50 million over the past month.

Updated 22 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Eniola Odetunde/Axios

  1. Global: Total confirmed cases as of 6:30 p.m. ET: 18,643,633 — Total deaths: 703,127 — Total recoveries — 11,206,409Map.
  2. U.S.: Total confirmed cases as of 6:30 p.m. ET: 4,811,128 — Total deaths: 157,690 — Total recoveries: 1,528,979 — Total tests: 58,239,438Map.
  3. Public health: Florida surpasses 500,000 confirmed casesFauci calls U.S. coronavirus testing delays "totally unacceptable."
  4. Business: America's next housing crisis.
  5. States: Virginia launches contact tracing app using specs from Apple and Google.
  6. Politics: White House, Democrats remain "trillions of dollars apart" on stimulus talks.
46 mins ago - World

How new tech raises the risk of nuclear war

Illustration: Annelise Capossela/Axios

75 years after Hiroshima and Nagasaki, some experts believe the risk of the use of a nuclear weapon is as high now as it has been since the Cuban missile crisis.

The big picture: Nuclear war remains the single greatest present threat to humanity — and one that is poised to grow as emerging technologies, like much faster missiles, cyber warfare and artificial intelligence, upset an already precarious nuclear balance.