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Domestic Equity Fund Inflows Pleateau, Reverse, Track Market As Recent Outflow Of $2.2 Billion Is Largest In Two Months

Tyler Durden's picture




After peaking at just over $2 billion in early January, domestic equity inflows as tracked by ICI have reversed, and the just released outflow of ($2.2) billion is the biggest shift away from equities since early December. An odd observation (odd because it makes sense), is that since the market peak in mid January when the SPY hit a 52 week high of 115.06, the equity fund flows have been decidedly negative, and are now coinciding with prevailing market moves. This is a marked regime change, as during the paradoxical H2 rally when the market continued its relentless rise it was accompanied by tens of billions of equity funds outflows, prompting TrimTabs to wonder if the Federal Reserve is doing the buying. It appears that since January 1, the "mysterious endless cash holder bid" is gone, and now the market does in fact correlate with in/outflows. How long this persists will depend on how many market supports are taken out in the near term, and how long the winter break at Liberty 33 continues.




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Thu, 02/11/2010 - 12:18 | Link to Comment fudfud (not verified)
Thu, 02/11/2010 - 13:06 | Link to Comment Anonymous
Thu, 02/11/2010 - 11:26 | Link to Comment Grand Supercycle
Grand Supercycle's picture

 

Previous choppy sideways action for DOW/SP500 and EURO have resolved once again to the downside.

So SP500/DOW downtrend and the USD uptrend reasert their dominance yet again.

This is very bearish for equities.

Substantial USD rally just gets closer and closer.

http://www.zerohedge.com/forum/market-outlook-0

Thu, 02/11/2010 - 11:56 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

The chart reminds me of a roller coaster that has just ascended the first big hill, has crested the top and gravity has now taken over.

Hang on, the fun has only just begun.

http://www.youtube.com/watch?v=-fXL7dW__sE

Thu, 02/11/2010 - 11:59 | Link to Comment bugs_
bugs_'s picture

Hold yer arms up!!!

Thu, 02/11/2010 - 12:04 | Link to Comment Anonymous
Thu, 02/11/2010 - 14:57 | Link to Comment Anonymous
Thu, 02/11/2010 - 19:19 | Link to Comment Anonymous
Mon, 04/19/2010 - 10:15 | Link to Comment Tom123456
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