Precious Metals

Some Good News For Active Managers: First Weekly Mutual Fund Inflow In 12 Months

Finally some good news for active managers. After one year of consecutive outflows, last week saw the first inflows into long-only equity mutual funds going back to last February, as according to BofA there finally was a $0.5 billion cash inflow, "a sign of rising investor confidence & broadening participation in equity rally."

The Great Unraveling

Of this we can be certain: When the major dominoes begin to fall, there will be little or no warning, and there will not be sufficient time to begin formulating an exit strategy.

With The S&P At Record Highs, Investors Pull Cash From US Stocks In 4 Of The Past 5 Weeks

"it's risk-on in Bonds, it's inflation-on in Stocks, and EM is now playing role of cyclical catch-up trade" says BofA. In short, in the last week the Trump Trade has emerged from the dormancy in which it had faded for the past month. But when one looks at where the money is flowing, it's everywhere but where one would expect, as US stocks have seen outflows 4 of the past 5 weeks.

GoldCore's picture

Gold prices continued to shine this week reaching $1,244.70 per ounce and and has posted gains in five of the last six weeks. This week it reached a three-month high – it’s highest since the Trump win and has climbed over 6% this year, beating the gains made in the same period in 2016.

Asian Stocks Hit 18 Month High; Europe, US Futures Bounce As Dollar Rises

Asian stocks hit their highest level in 18 months, with positive momentum lifting European shares which were helped by Societe Generale earnings. Yields fell on some of the euro zone's battered low-rated bonds as investors put aside the political risks that have dominated markets this week. After trading flat, S&P futures bounced as US traders walked boosted by a spike in the USDJPY.