Risk Appetite at elevated levels

Equity inflows YTD are at all-time highs and positioning and sentiment broadly have picked up. Goldman: the asymmetry of adding risk is worse and there is more vulnerability to shocks. We have not seen such a huge inflow into equities in one quarter for more than 20 years. Equities receive all help that they could get. Central banks supporting with liquidity, Governments throwing money at households, and they are buying equities. Risk appetite is at elevated levels, but it might stay that way fo