This past weeks fund flows showed inflows of cash into stocks (Domestic and Foreign) and outflows of cash from Bonds. Domestic stocks had $335 million in inflows, Foreign stocks saw inflows of $3.604 billion, Taxable bonds saw outflows of $837 million and Municipals experienced another large outflow of $3.531 billion.
Just a stunning reversal in Bonds has taken place and stocks turning the other direction as investors grow tired of watching the market go up without them (due to money printing and injection by the FED). Investors seem to be dipping their toe in the stock market.
Last week marked the first time in months that money flowed into Domestic stocks, we'll have to watch going forward to see if this was just a breather or something more.
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