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Egon Putzi will "größte Kryptobank der Welt"

Egon Putzi will groß in die Sphären von Bitcoin & Co. einsteigen. Mit einer eigenen Kryptowährung MCV Coin und, wie er in Aussicht stellt, der größten Kryptobank der Welt. Ein mit Vorsicht zu genießender Plan.

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>> Bildauswahl durch die BSNgine, zum Originalzusammenhang

Traders are fleeing the stock market in record numbers — but a pair of secret weapons are keeping it afloat

Investors pulled a record amount of money out of exchange-traded funds and mutual funds in the first three weeks of February, according to data from UBS.The firm says US stocks hung in there admirably considering this pressure and attributes their resilience to two secret weapons.February was not kind to stock traders.It started with a bang, as the benchmark S&P 500 suffered through its first 10% correction in years. That made the rest of February an uphill slog for the index, which finished down 3.9%, its worst month since January 2016.But that's not all — behind the scenes, investors were fleeing the scene of the wreckage.They pulled a record $42 billion out of exchange-traded funds and mutual funds during the first three weeks of February, according to data compiled by UBS. That, combined with an additional $31 billion of net futures selling, was nearly double the peak selling levels seen during similarly rough patches in 2008, 2011, and 2016, the data shows.With all of that going against the stock market, the S&P 500's decline in February seems downright reasonable to UBS. But why?The firm says it's because two of the market's secret weapons — share buybacks and mergers and acquisitions — saw an uptick at exactly the right time.Buybacks have been a safety net of sorts for the stock market through the almost nine-year bull market. Their accretive effect on share prices is a crucial upward catalyst for equities during periods devoid of other positive drivers.That's why the $250 billion in buybacks announced over the past three months — close to the record set in 2015 — has been so important in minimizing damage from the recent sell-off.UBS also notes that year-to-date buyback announcements are nearly double their post-financial-crisis average, suggesting a "big pick-up" ahead through the end of the year.As for M&A, there has been $500 billion worth of activity over the past three months, according to UBS, which says the annualized rate is "well above prior peaks."Going forward, UBS expects buybacks and M&A to be support beams for the stock market as well as actively upward drivers, suggesting a full recovery from the correction early last month may soon transpire and hinting at a strong year to come."The surge in buyback and M&A announcements suggests corporates are once again providing the fuel for the next leg up in equity markets," Keith Parker, the head of US equity strategy at UBS, wrote in a note to clients.SEE ALSO: BAML: 2 catalysts can make this the 'greatest bull market of all time'Join the conversation about this story » NOW WATCH: Watch SpaceX launch a Tesla Roadster to Mars on the Falcon Heavy rocket — and why it matters

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