The market continues to wobble, reflecting a high level of uncertainty.
One indicator that offers us a glimpse comings and goings across assets is fund flows.
U.S. Fund Flows – Stocks vs Bonds
Looking at rolling quarterly fund flows for stocks and bonds, they both seem to be rolling over.
And this perhaps supports the notion that we might see another round of “sell everything”.
With the Fed steadily progressing down the path of quantitative tightening + rate hikes, it would be unsurprising to see higher volatility across asset markets as the new normal….
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