So much for the money-on-the-sideliness bullshit. Inflows into US equity funds rose to $23.1bn. This from an already strong $13.2bn inflow last week. As BofAML notes, this is the second largest weekly inflow since at least 2000 - which, coincidentally, was the last time a bubble of this magnitude (cough Fireeye IPO +100% on open today) occured (though don't tell Jim Bullard [3]). As BofAML notes, "a rising market lifts all flows..." and global equity flows this week are the highest ever - yeah that always ends well.
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In fact flows to all global equity funds have never been higher...
[5]
Chart: BofAML