Investors allocate away from Equities towards Fixed Income ....
MONEY MARKET FUND FLOWS:We see the first allocations out of the short term fixed income risk trade (primarily corporate CP). Pls note that the blue line has reached the lowest level in this series apart from last year's crash where we saw a flight to TSY only MM funds.
MARGIN DEBT NYSE:This has been a solid medium term indicator with a multi decade track record and it still stands on the bearish side. The red bars have to turn positive in order to become bullish again.
No comments:
Post a Comment