This weeks fund flows report showed a slowing in the buying of domestic stocks, but still remain postive in-flows and municipal bonds continue the hemorrhaging. Domestic stocks saw in-flows of $1.414 billion dollars, foreign stocks in-flows of $346 million, Taxable bonds with in-flows of $1.754 billion and municipal bonds had out-flows of -$1.171 billion dollars. What we need to watch for is if support for Domestic stocks fizzles out and goes negative again, that would be very telling and may prompt the need for additional money printing to hold up the market.
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