STATE STREET CONFIDENCE Index:
This Index shows what one of the largest global custodian is observing in their Asset Portfolios (mainly Institutionals, Pension Funds etc.).
They allocate out of the risk trade.
MUTUAL FUND FLOW:
Retail Investors are taking profits. Temporary solace had been found in BONDS but overall the retail guys seems to behave more risk averse than what most think. What would you do if you are a baby boomer with no Fixed Income Annuity stream...... behave risk averse ?
EQUITY FLOWs raise the question, who is running this market up if NOT the retail and the institutional guys?MONEY MARKET FUND FLOWS:
No Panic or flight to quality here yet.
FED BANK LENDING REPORT:
The Banks are not lending to Corporates and Consumer.
COMMERCIAL PAPER:
Asset Backed and "good" Corporates are still struggling
The Credit Markets are on balance contracting, whereby the effects are most likely stronger felt the further down you are in NON INVESTMENT GRADE land.
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