This weeks fund flows report showed what seems to be major confusion in the domestic stock market (based on the past few weeks trend). Last weeks number for domestic outflows was revised to a -$644 million dollars (hundreds of millions worse than what was reported the week prior), but this weeks domestic stock flows showed a in-flow of $495 million dollars. Foreign stocks saw a reduction of in-flows bringing this weeks in-flows to $340 million dollars. Taxable Bonds saw in-flows of $3.581 billion dollars (still major piling into taxable bonds) and Municipal bonds (with 21 weeks of selling) had out-flows of $1.167 billion dollars.
No comments:
Post a Comment